q6

Wolfe Company determines the cost of its inventory using LIFO, so it uses the lower-of-cost-or-market method on an individual-item basis in pricing its inventory items instead of the lower-of-cost-or-net realizable value method. The inventory at December 31,2020, consists of products A, B, C, D, E, and F. Relevant per-unit data for these products appear below. Instructions Using the LCM rule, determine the proper unit value for balance sheet reporting purposes at December 31,2020 , for each of the inventory items above