9. The December 31, 2016 inventory of ABC Company consisted of four products, for which certain information is provided below.

ReplacementEstimatedExpectedNormal Profit

ProductOriginal CostCostDisposal CostSelling Price on Sales

A$24.00$22.00$6.50$40.0020%

B$42.00$40.00$10.00$48.0025%

C$120.00$115.00$25.00$190.0030%

D$19.00$15.80$4.00$26.0010%

Using the lower-of-cost-or-market approach applied on an individual-item basis, compute the inventory valuation that should be reported for each product on December 31, 2016.

Product A: _______________________________________________________________________________

Product B: _______________________________________________________________________________

Product C: _______________________________________________________________________________

Product D: _______________________________________________________________________________

THIS IS DUE IN 4 HOURS AND I REALLY NEED HELP WITH THIS PROBLEM BEFORE THEN. THANK YOU!

9. The December 31, 2016 inventory of ABC Company consisted of four products, for which certain information is provided below. Product A B C D Original Cost $24.00 $42.00 $120.00 $19.00 Replacement Cost $22.00 $40.00 $115.00 $15.80 Estimated Disposal Cost $6.50 $10.00 $25.00 $4.00 Expected Selling Price $40.00 $48.00 $190.00 $26.00 Normal Profit on Sales 20% 25% 30% 10% Using the lower-of-cost-or-market approach applied on an individual-item basis, compute the inventory valuation that should be reported for each product on December 31, 2016. Product A: _______________________________________________________________________________ Product B: _______________________________________________________________________________ Product C: _______________________________________________________________________________ Product D: _______________________________________________________________________________