Can someone explain this step by step please and thank you

Parade Co. uses the lower of cost or market (i.e., LCM) method for its ending inventory. A gross profit margin of 30% on the selling price is considered normal for its products. Based on the following information about its ending inventory,

(1) How much should the company report for its ending inventory on the balance sheet? If the company applies the LCM to each individual item.

(2) If the company applies to LCM to the inventory as a whole, how much should the company report for its ending inventory? .

Product A Product B Original cost $68 $91 Replacement cost 60 95 Estimated selling cost 32 52 Estimated selling price 140 200 .