A B D E F G H The December 31, 2017 inventory of Sambuca Company consisted of four products, for which certain information is provided below. 1 2 3 4 Product 5 A 6 B 7 C 8 D Replacement Estimated Expected Normal Profit Original Cost Cost Disposal C Selling Price on Sales $24.00 $22.00 $6.50 $40.00 20% $42.00 $40.00 $10.00 $48.00 25% $120.00 $115.00 $25.00 $190.00 30% $19.00 $15.80 $4.00 $26.00 10% 9 10 Instructions 11 a. 12 b. Using the lower-of-cost-or-market approach applied on an individual-item basis. Record any necessary journal entries 13 14 15