#4 Armoires by Alexis, Ltd. sells designer armoires. Most Armoires are standard models sold at catalog prices. The company has adopted a lower of FIFO cost or market approach applied to inventory on an individual item basis. At December 31, 2018 the following "amazing armoires" appear in inventory 26 page 3 AA1 AA2 AA3 2021 catalog selling price. $ 2,500 $ 1,800 $ 1,600 FIFO cost per inventory list $ 1,800 $ 1,500 $ 1,400 Replacement cost $ 1,740 $ 1,475 $ 1,445 Costs of disposal $ 255 $ 180 $ 170 "Normal" gross profit margin 18% 18% 15% # of units in 12-31-18 inventory 200 300 400 26-28 Calculate the "Designated Market" unit cost for: AA1 22 27 AA2 28 28 AA3 29-31 Calculate "LCM" unit cost for; 29 AA1 30 AA2 31 AA3 22 32 Calculate the total inventory write-down for ALL armoires