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Following is data relative to the 12/31/26 inventory of Blossom Company: The selling price is $1.00/ unit for all items. Disposal costs amount to 10% of the selling price and a "normal" profit is 20% of selling price. There are 1,600 units of each item in the 12/31/26 inventory. The company applies LCM using to the total of the inventory. (a) Complete the last three columns in the 12/31/26 schedule below based upon the lower-of-cost-or-market rules. (Round answers to 2 decimal places, e. 5.52.75.) e selling price is $1.00 /unit for all items. Disposal costs amount to 10% of the selling price and a "normal" profit is 20% of selling rice. There are 1,600 units of each item in the 12/31/26 inventory. The company applies LCM using to the total of the inventory. (a) - Your answer is partially correct. Complete the last three columns in the 12/31/26 schedule below based upon the lower-of-cost-or-market rules. (Round answers to 2 decimal places, e.g. 52.75.)