Fiedler Co. follows the practice of valuing its inventory at the lower-of-cost-or-market. The following information is available from the company's inventory records as of December 31, 2017. Estimated Completion & Normal Profit Unit Replacement Selling Disposal Item Quantity Cost Cost/UnitPrice/UnitCost/Unit Margin/Unit 1,100 $7.50 800 8.20 1,000 5.60 1,000 3.80 1,400 6.40 $8.40 7.90 5.40 4.20 6.30 $10.50 9.40 7.20 6.30 6.70 $1.50 0.90 $1.80 1.20 o.60 1.50 1.00 0,80 0.70 Greg Forda is an accounting clerk in the accounting degartment of Fiedler Co., and he cannot understand why the market value keeps changing fro inventory. You are the manager of the department and an accountant 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 Calculate the lower-of cost-or-market using the individual-item approach. Lower-of-Cost-or-Market (Per unit basis) Item A Item B Item C Item D Version 4.24.1 2000-2019