3) (10 Points) The December 31, 2025 inventory of Timmons Company consisted of four products, for which cortain information is provided below. Determine the lower of cost or net realizable value amount for each product. 4) (20 Points) When you undertook the preparation of the financial statements for Jane Company at January 31,2026 , the following data were available: Instructions Compute the ending inventory at cost as of January 31,2026 , using the retail method approximates lower-of-cost-or-market