P2. The December 31, 2019 inventory of the COYOTE Co. consisted of 3 products, for which certain information is provided below. Original Cost $300 Product A B C D Replacement Cost $260 440 Est. Disposal Cost $100 80 120 Selling Price $400 500 600 790 Normal Profit on Sales 20% 15 104 10+ All 500m 600 400 540 100 Instructions: Using the lower of cost or market approach on an individual item basis, 1) Compute the inventory valuation that should be reported for each product on 12/31/2019. 2) Prepare journal entries for any loss due to MV down on 12/31/20194 1 1 1 1 1 1 1 Lt 14