Question 5 of 7 - /2 View Policies Current Attempt in Progress Skysong, Inc. values its inventory at the lower-of-LIFO-cost-or-market. The following information is available from the company's inventory records as of December 31, 2020. Unit Cost Replacement Cost/Unit Estimated Selling Price/Unit Completion & Disposal Cost/Unit Normal Profit Margin/Unit Item Quantity X490 11,220 $13.75 $13.15 $15.40 $3.30 $3.74 X512 5,445 7.70 8.25 9.79 0.28 1.98 X682 19,800 20.90 20.46 34.71 3.58 9.90 Z195 13,750 15.68 15.40 21.78 1.54 6.33 2846 9,460 13.20 14.03 15.35 2.31 1.21 (a) Question 5 of 7 -/2 (a) Calculate the lower-of-cost-or-market using the individual-item approach. (Round answers to 2 decimal places, eg. 52.75.) Lower-of-Cost-or-Market (Per unit basis) X490 $ X512 $ X682 $ X195 $ X846 $ e Textbook and Media