Lower of Cost or Market Quiz Company needs assistance is calculating their ending inventory using lower of cost or market. They have the following information available: Product A Category Retail Retail Cost 10.00 Selling Price 11.00 NRV B 20.00 24.00 Commercial 30.00 D Commercial 40.00 60.00 50.00 Selling costs are estimated at 20% of selling price Required LCM-By Total Inventory Product Cost Market (NRV) LCM A B D Grand Total