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Following is data relative to the 12/31/26 inventory of Sheridan Company: The selling price is $1.00/ unit for all items. Disposal costs amount to 10%

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Following is data relative to the 12/31/26 inventory of Sheridan Company: The selling price is $1.00/ unit for all items. Disposal costs amount to 10% of the selling price and a "normal" profit is 30% of selling price. There are 1,800 units of each item in the 12/31/26 inventory. The company applies LCM using to the total of the inventory. (a) Your answer is incorrect. Complete the last three columns in the 12/31/26 schedule below based upon the lower-ot-cost-or-market rules. (Round answers to 2 decimal ploces, eg. 52.75.) Complete the last three columns in the 12/31/26 schedule below based upon the lower-of-cost-or-market rules. (kound answers iv 2 decimal ploces, eg. 52.75.) eTexthook and Media 2 decimal places, e.g. 52.75.)

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