At December 31, 20X3, and $3,800 at cost and at market, respectively. inventory of Alyssum. ny's first year of business, inventory was S4,200 the end of Alyssum Cowing is data relative to the December 31,20x4 DATA FOR DETERMINING INENTORY VALUATION AT LOWER OF COST OR MARKET AT DECEMBER 31, 20x4 ALYSSUM COMPANY Net Realizable Appropriate Original Cost Replacement Net Realizable Value Less Inventory Value Normal Profit Value Cost Per Unit 0.90 0.80 1.60 1.30 1.70 Item Per Unit 1.50 $ 0.90 1.45 1.60 1.80 The normal selling price for all items is $2.20 per unit. Disposal costs amount to 15% of selling price and a "normal" profit is 25% of selling price. There are 1,000 units of each item in the December 31,20X4 inventory. Assume the company uses the aggregate method for recording lower of cost or market on inventory