2. On December 31, FICO shows the following data for ending inventory. A. Determine market for each item

B. compute ending inventory applying LCM item by item

2. On December 31, 2021, FICO shows the following data for ending inventory. a. Determine market for each item b. Compute ending inventory applying LCM item by item Item Cost Replacement Cost Selling Price Disposal Cost Normal Mark-up A $320 $310 $450 $35 $80 B 450 370 500 40 100 C 225 200 325 80 60 D 300 270 380 40 50 E 460 560 600 50 100