Jones Corporation has the following information of inventory at 12/31/2017 This is the first business year of the company.

Jones Corporation uses the Lower-of-Cost-or-Market (LCM) method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2017, consists of products G, H, I, J, K, L, M and N. Relevant per unit data for these products appear below.

Item No.	Cost per unit	Cost to Replace	Estimated Selling Price	Cost of Completion and Disposal	Normal Profit margin (%) of selling price
X	3.63	3.34	4.8	1.94	18%

Compute Net Realizable Value (NRV), NRV - normal profit (show your detail calculation), and use the LCM rule, determine the proper unit value for balance sheet reporting purposes at December 31, 2017