LeGrand Inc. has compiled the following information related to its five products. Costs of disposal are estimated to be $50, and the normal profit margin is estimated to be 25% of the selling price. Estimated selling price Original cost (LIFO) Replacement cost #1 $900 585 650 #2 $1,200 1,000 637 #3 $1,700 1,450 1,300 For Item # 1: What is the Market Value? (do not use dollar signs, commas or decimals in your answer) A For Item #1: What is the Lower of Cost or Market? (do not use dollar signs, commas or decimals in your answer) A For Item # 2: What is the Market Value? (do not use dollar signs, commas or decimals in your answer) A For Item # 2, what is the Lower of Cost or Market? (do not use dollar signs, commas or decimals in your answer) A For Item # 3, what is the Market Value? (do not use dollar signs, commas or decimals in your answer) Ay For Item # 3: what is the Lower of Cost or Market? (do not use dollar signs, commas or decimals in your answer) A/