1. (4 points) As of 12-31-15, Acme Company has three different inventory items on hand. Data on the three items follows:

Item	Quantity on hand	Unit cost (Acme uses LIFO)	Replacement cost	Normal profit	Expected selling price	Estimated disposal costs
A	75	$405	$625	$750	$1,500	$100
B	24	$310	$300	$230	$400	$25
C	51	$775	$800	$300	$1,000	$250

Using the lower-of-cost-or-market approach applied on an individual-item basis, determine if Acme needs to make an entry to write her inventory down. If so, prepare the entry Acme should make