8.

Following is data relative to the 12/31/26 inventory of Wildhorse Company: The selling price is $1.00/ unit for all items. Disposal costs amount to 10% of the selling price and a "normal" profit is 20% of selling price. There are 1,500 units of each item in the 12/31/26 inventory. The company applies LCM using to the total of the inventory. (a) Complete the last three columns in the 12/31/26 schedule below based upon the lower-of-cost-or-market rules. (Round answers to 2 decimal places, e.g. 52.75.)