Below is what I've come up with so far need help with the designated market price and finding the LCM for each item.

		NRV Less
		Normal
	NRV	Profit	Replacement	Designated
Item	(Ceiling)	(Floor)	Cost ($)	Market	Cost ($)	LCM
A	$ 33.50	$ 25.50	$ 22.00		$ 25.00
B	$ 36.00	$ 24.00	$ 40.00		$ 42.00
C	$ 165.00	$ 108.00	$ 115.00		$ 120.00
D	$ 23.00	$ 20.40	$ 15.80		$ 18.00

The December 31, 2019 inventory of Gwynn Company consisted of four products, for which certain information is provided below. Replacement Estimated Expected Product Original Cost Cost Disposal Cost Selling Price Normal Profit $25.00 $22.00 $6.50 $40.00 $8.00 B $42.00 $40.00 $12.00 $48.00 $12.00 $120.00 $115.00 $25.00 $190.00 $57.00 D $18.00 $15.80 $3.00 $26.00 $2.60 ICO Instructions Using the lower-of-cost-or-market approach applied on an individual-item basis, compute the inventory valuation that should be reported for each product on December 31, 2019