Northampton Supply, Inc. uses the lower of cost or market (LCM) rule on an individual-item basis in pricing ending inventory on the balance sheet. The inventory at December 31, 2016 consists of one unit of Product A and one unit of Product B. Relevant per-unit data for these products are presented below Product Product Estimated selling price Cost Replacement cost Estimated selling expenses25 Normal proft $100 $120 90 85 40 20 80 70 15 Required: For each of the two products listed above, use the lower of cost or market rule to determine the proper unit value of inventory at December 31, 2016 for balance sheet reporting purposes. Show work . Assuming Northampton Supply, Inc. employs U. S. GAAP, use the space below to show proper application of the LCM rule for both Products A and B. Assuming Northampton Supply, Inc. employs International Financial Reporting Standards (IFRS), use the space below to show proper application of the LCM rule for both Products A and B. . Which of the two -a cash flow hedge or a fair value hedge -is likely to result in the greatest volatility on the company's reported net income? Explain