Question 1 (Cnapter 9) The December 31, 2017 inventory of Gwyneth Company consisted of four products, for which certain information is provided below ProductOriginal Expected| Estimated Cost Estimated Cost Selling Price $42 $18 $40 58 $150 $26 Units to Complete Cost to Sell Available 520 350 120 250 $6 $12 $25 $3 $4 $8 $15 $2 $120 Instructions: (1) Using the lower-of-cost-or-net realizable value approach applied on an individual-item basis, compute the inventory valuation that should be reported for each product on December 31, 2017