3. Affliction Company uses LIFO for inventory costing purposes, and therefore uses the lower-of-cost-or-market method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2014, consists of products D, E, F, and G. Relevant per-unit data for these products appear below.

	Item D	Item E	Item F	Item G
Estimated selling price	$120	$98	$95	$85
Cost	97	70	60	80
Replacement cost	110	65	70	50
Estimated selling expense	25	30	20	20
Normal profit	30	18	25	27

Instructions

Using the lower-of-cost-or-market rule, determine the proper unit value for balance sheet reporting purposes at December 31, 2014, for each of the inventory items above.