arge manufacturers inventory at the retail price the preparation of interim financial statements. c. It provides a means to determine the specific value of ending d. It allows a company to estimate its ending inventory thus allowing 7.CDC Corporation has two products in its ending inventory, each accounted for at the lower of cost or market. CDC uses the Lower of Cost or Market LIFO inventory method. Specific data with respect to each product follows: Product Historical Cost Replacement Cost Net Realizable Value (Ceiling) Net Realizable Value less normal profit margin (floor) 10.00 9.50 9.40 2 6.00 9.00 7.25 8.75 6.75 In pricing its ending inventory using LIFO lower of cost or market, what unit values should CDC use for products 1 & 2 respectively? a. 10.00 and 7.00 b. 9.40 and 6.75 c. 9.40 and 6.00 d. 8.75 and 6.75