Reporting Lower-of-Cost-or-Net-Realizable Value

Anne Traylor Inc. has the following information for its six inventory items on June 30, 2020. Additional selling costs include a 5% commission on the sales price of each product. Determine the value per unit reported on its balance sheet on June 30, 2020, for each of the six inventory items from application of the lower-of-cost-or-net realizable value rule.

Note: Round to the nearest dollar.

Inventory Item	Selling Price	Inventory Cost	Transportation Cost	Lower-of-Cost-or Net Realizable Value
#100	$21	$16	$2
#101	19	17	2
#115	31	31	3
#118	28	29	3
#120	15	10	2
#128	27	26	2