Please answer in details:

3. Fill in the chart below: Lower of Cost or Market Chart

3. Fill in the chart below: Lower of Cost or Market Chart Replacement Cost $88,000 90,000 45,000 36,000 105,000 Ceiling $120,000 100,000 40,000 72,000 92,000 Floor $104,000 70,000 27,500 48,000 80,000 Market Lower of Cost or Market Item s Ca cu Cost $80,000 100,000 50,000 90,000 95,000