Century Inc. had three types of items in inventory, A, B, and C. Data pertaining to these items are given below:

A B C____

Cost $28,400 $35,000 $32,000

Replacement Cost 29,000 32,500 30,000

Selling Price 30,000 40,000 50,000

Cost to complete and Sell 4,000 6,000 8,000

Normal Profit Margin as sale % 15% 20% 15%

Required:

1. Calculate the value of inventory under lower of cost or NRV applied to individual items.