= BAN (a) Calculate the lower-of-cost-or-market using the individual-item approach. (Round answers to 2 decimal places, eg. 52.75.) Lower-of-Cost-or-Market (Per unit basis) X490 $ X512 $ X682 $ X195 $ X846 $ eTextbook and Media Het of herunt -1.75 = Kingbird, Inc values its inventory at the lower-of-LIFO-cost-or-market. The following information is available from the company's Inventory records as of December 31, 2020 Item Unit Cost Quantity Replacement Cost/Unit Estimated Selling Price/Unit Completion & Disposal Cost/Unit $288 Normal Profit Margin/Unit X490 9.792 $12.00 $11.47 $13.44 $3.26 X512 4.752 6.72 7.20 8.54 0.24 1.73 X682 17,280 18.24 17.86 30.29 3.12 864 2195 1368 13.44 19.01 134 5.52 12.000 8.256 2846 1152 1224 13.39 202 1.06 (a) Calculate the lower-of-cost-or-market using the Individual-item approache/Round answers to 2 decimal places : 52.75) Lower-of-Cost-or-Market Per unit basis) X490 5 X512 $ X682 $ TITAE