Determine the proper carrying value of each of the following inventory items assuming lower-of-cost or market.

Determine the proper carrying value of each of the following inventory items assuming lower-of-cost or market. Item A B C D E F Cost $ 17.00 $ 45.00 $ 5.75 $ 12.60 $ 25.85 $ 1.45 Replace Cost $ 17.25 $ 42.50 $ 5.60 $ 12.75 $ 25.65 $ 1.15 Sale Price $ 18.00 $ 47.50 $ 5.80 $ 13.00 $ 27.95 $ 1.50 Selling Expense $ 0.75 $ 5.00 $ 0.25 $ 0.20 $ 1.35 $ 0.15 Normal Profit $ 0.50 $ 1.30 $ 0.10 ### $ 1.20 $ 0.10