36. Lower-of-cost-or-market. ea Determine the proper unit inventory price in the following independent cases by applying the lower of cost or market rule. Circle your choice. 5 $7.20 2 $10.50 10.00 9.00 $6.00 4.25 $11.80 12.20 $7.80 8.85 Cost 6.90 Net realizable value 6.00 3.75 11.40 8.15 Net realizable value less normal profit Market replacement cost 5.40 4.00 12.50 10.10 7.90