a local boutique specializing in unique home furniture. It accounts for its inventory using lower of cost or market (LCM) under U.S. GAAP. At the most recent inventory count on December 31, 2021, the inventory manager gathered the following information

Chairs Tables Lamps Rugs Cast 85,000 125,000 25,000 5?,000 Replacement Cast 82,500 123,000 20,000 56,000 Sales Price 80,000 195,000 25,000 62,000 Disposal Cast 2,500 10,000 5,250