38-39. Jefferson Hall Company follows the practice of reporting its inventory at lower of cost and net realizable value. Item No. 1320 Cost to Quantity Cost per Unit Estimated Selling Price Complete and Sell $5.00 $7.00 $1.50 500 4.00 800 1333 5.00 1.80 38. Determine the amount of Sedato Company inventory, applying the LCNRV method on an individual- item basis. A. 5,400 B. 5,800 C. 6,000 D. 8,100 39. Determine the amount of Sedato Company inventory, applying the LCNRV method on an individual- item basis. A. 5,400 B. 5,800 C. 6,000 D. 8,100 40. Powdermaker Corporation has the following product in its ending inventory accounted for at the lower of cost or market. The company normally expects a profit margin of 20% on the selling price of its product. Specific data with respect to the product follows: Historical cost Replacement cost Estimated cost to dispose Estimated selling price $18 12 5 25 In pricing its ending inventory using the lower-of-cost-or-market, what unit values should Sheridan use for products #1? A. 20 B. 18 C. 15 D. 12