Company A usually calculates its inventory values using LIFO for its shampoo, conditioner, and body wash products. Starting this year, the company needs to value its inventory on Lower-of-Cost-or-Net Realizable Value instead. Using the following information, identify what the dollar values of each of these inventory pieces would be on Company A financial statements and what method you used to value that product.

Inv. Item	Shampoo	Conditioner	Body Wash
Retail Value	$ 10	$ 11	$ 15
LIFO Value	$ 8	$ 7	$ 5
Selling Expense	$ 1	$ 1	$ 1
Cost to Finish	$2	$1	$3