Problem 9-01 Martinez Company manufactures desks. Most of the company's desks are standard models and are sold on the basis of catalog prices. At December 31, 2020, the following finished desks (10 desks in each category) appear in the company's inventory. Finished Desks A D 2020 catalog selling price $55 $59 $110 $128 FIFO cost per inventory list 12/31/20 57 55 101 117 Estimated cost to complete and sell 13 32 24 2021 catalog selling price 66 110 146 B 6 61 The 2020 catalog was in effect through November 2020, and the 2021 catalog is effective as of December 1; catalog prices are net of the usual discounts. At what amount should each of the four desks appear in the company's December 31, 2020, inventory, assuming that the company has adopted a lower-of-FIFO-cost-or-net realizable value (LCNRV) approach for valuation of inventories on an individual-item basis? Item A $ Item B $ Item C $ Item D Cost of Goods Available Cost of Goods Sold Freight-in Gain (loss) due to Market Fluctuations of Inventory Gross Profit Inventory, Beginning Inventory, Ending Purchases Purchase Discounts Purchase Returns Revenues Sales Revenue Sales Returns