Fiedler Co. follows the practice of valuing its inventory at the lower-of-cost-or-market. The following information is available from the companys inventory records as of December 31, 2014.

Item		Quantity		Unit Cost		Replacement Cost/Unit			Estimated Selling Price/Unit			Completion & Disposal Cost/Unit			Normal Profit Margin/Unit
A		1,600		$19.28		$21.59			$26.99			$3.86			$4.63
B		1,300		21.07		20.30			24.16			2.31			3.08
C		1,500		14.39		13.88			18.50			2.96			1.54
D		1,500		9.77		10.79			16.19			2.06			3.86
E		1,900		16.45		16.19			17.22			1.80			2.57

Greg Forda is an accounting clerk in the accounting department of Fiedler Co., and he cannot understand why the market value keeps changing from replacement cost to net realizable value to something that he cannot even figure out. Greg is very confused, and he is the one who records inventory purchases and calculates ending inventory. You are the manager of the department and an accountant.

Calculate the lower-of-cost-or-market using the individual item approach.