Floyd Corporation has the following four items in its ending inventory.

Item Cost Replacement Cost Net Realizable Value (NRV) NRV - Normal Profit Margin

Jokers $ 2,050 $ 2,000 $ 2,100 $ 1,600

Penguins 4,800 5,100 4,950 4,100

Riddlers 4,700 4,550 4,625 3,700

Scarecrows 3,000 2,990 3,830 3,070

Determine the (i) market, and (ii) the final lower-of-cost-or-market inventory value for each item.