[1) Charlie Morton Company uses the lower or cost or net realizable value method, on an Individual Item basis, in assessing possible inventory impairments (Morton uses specific goods FIFO for its inventory). The inventory at 1231,11? consists of products A, B, and C. Relevant perunit data for these products appear below. Using the LCNRV rule, complete the table below to determine the proper unit value for balance sheet reporting purposes at 123111? for each of the inventory items below. Estimated selling price Cost Replacement cost Estimated selling expense Normal profit (10% of sales price) Net realizable value Cost Balance sheet amount (LCNRV)