B. The December 31, 2017 inventory of Gwynn Company consisted of four products, for which certain information is provided below. Estimated Disposal Cost $6.50 $10.00 $25.00 $4.00 Instructions:Using the lower-of-cost-or-net realizable value approach applied on an individual-item basis, compute the Replacement Cost $22.00 $40.00 $115.00 $15.80 Expected Selling Price $40.00 $48.00 $190.00 $26.00 Normal Profit on Sales 20% 25% 30% 10% Product Original Cost $24.00 $42.00 $120.00 $19.00 inventory valuation that should be reported for each product on December 31, 2017 Product Replacement Ceiling Floor Designated Mkt COST ILOM