Presented below is data relative to the 12/31/18 inventory of Lance Company:

Item	Number Units in Inventory	Original Cost Per Unit	Total Original Cost	Current Replacement Cost
A	8,000	$1.09	$8,720	$1.08
B	8,000	1.30	10,400	1.25
C	8,000	1.50	12,000	1.05
D	8,000	1.60	12,800	1.65
E	8,000	1.80	14,400	1.50
Total	40,000		$58,320

Item	Upper Limit (Ceiling)	Lower Limit (Floor)	Designated Market	Appropriate Inventory Valuation (Totals)
A
B
C
D
E
Total

Additional Data:

Selling price is $2.00/unit for all items. Disposal costs amount to 10% of selling price and a "normal" profit is 35% of selling price.

Instructions

Complete the last four columns above.