Given the acquisition cost of product ALPHA is $17, the net realizable value for product ALPHA is $14, the normal profit for product ALPHA is $2.00, and the market value (replacement cost) for product ALPHA is $11, what is the proper per unit inventory value for product ALPHA applying LCM? O $14.00 O $12.00 $17.00 O $11.00 Sheridan Company had a gross profit of $645000, total purchases of $870000, and an ending inventory of $500000 in its first year of operations as a retailer. Sheridan's sales in its first year must have been O $1015000 O $1145000. $1515000. O $370000