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Product Original Cost Replacement Cost Estimated Disposal Cost Expected Selling Price Normal Profit on Sales A $30.00 $28.00 $8.00 $44.00 25.00% B $44.00 $42.00 $10.00
| Product | Original Cost | Replacement Cost | Estimated Disposal Cost | Expected Selling Price | Normal Profit on Sales | ||||||||||
| A | $30.00 | $28.00 | $8.00 | $44.00 | 25.00% | ||||||||||
| B | $44.00 | $42.00 | $10.00 | $54.00 | 20.00% | ||||||||||
| C | $124.00 | $119.00 | $29.00 | $210.00 | 30.00% | ||||||||||
| D | $18.00 | $15.40 | $6.00 | $30.00 | 20.00% | ||||||||||
Using the lower-of-cost-or-market approach applied on an individual-item basis, compute the inventory valuation that should be reported for each product on December 31, 2017
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