Lower of Cost or Market. Count Clothing Company manufactures two types of raincoats- regular and stain resistant. Information related to both products is presented in the following table.

Determine the ending inventory value per unit and the amount of any write-downs per unit using the lower-of-cost or market rule, assuming that Count Clothing uses the group-by-group approach to LCM.

Count Clothing Company Lower of Cost or Market (Group-by-Group Approach) Current Year Current Normal Profit Write-down to FLOOR NRV Replacement Selling Price Disposal Costs CEILING MARKET FIFO Cost LCM Margin Market NPM GROUP Cost 190 $ 250 Regular Stain Resistant 120 20 70 118 X 230 26 240 45 X