I assumed that the designated market value was from a number that was in between the ceiling and floor while using the lower cost or market. Am I wrong or is this slide wrong?

Replacement Cost Designated Market Value Food Final Inventory Value Net Realizable Value Less a Normal Profit Margin (Floor) $104,000 70,000 27,500 48,000 Cost Spinach Carrots Cut beans Peas Mixed vegetables $ 80,000 100,000 50,000 90,000 Net Realizable Value (Ceiling) $120,000 100,000 40,000 72,000 $ 88,000 90,000 45,000 36,000 $104,000 90,000 40,000 48,000 $ 80,000 90,000 40,000 48,000 105,000 92,000 80,000 92,000 92,000 95,000 $415,000 $65,000 $350,000