Chapter 08 Homework (Application) 1. RES-01 2 RE B-02 3. RE8.03 4. RE 804 5. RE B-06 6. Ex.8-01 Lower of Cost or Market Blue Corporation uses the FIFO inventory method. Each unit of its inventory has a net realizable value of $2,850, a normal profit margin of $1,000, and a current replacement cost of $1,900. Determine the amount per unit that should be used as the market value to apply the lower of cost or market rule to determine Blue's ending inventory. x per unit 7. Ex 805 Feedback Check My Wone more Check My Work uses remaining Previous Progress: 3/7 items Next Assignment Score: 83.93 All work saved instructor Save and Ext Submit Assignment for Grading