Exercise 9-2

Swifty Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2017, consists of products D, E, F, G, H, and I. Relevant per unit data for these products appear below.

Item D

Item E

Item F

Item G

Item H

Item I

Estimated selling price

$134

$123

$106

$101

$123

$101

Cost

84

90

90

90

56

40

Cost to complete

34

34

28

39

34

34

Selling costs

11

20

11

22

11

22

Using the LCNRV rule, determine the proper unit value for balance sheet reporting purposes at December 31, 2017, for each of the inventory items above.