Riverbed Co. follows the practice of valuing its inventory at the lower-of-cost-or-market. The following information is available from the company's inventory records as of December 31, 2017. Estimated Selling Price/Unit Completion & Cost/Unit 1.76 1.05 1.35 0.94 0.82 Normal Profit Replacement Disposal Item Quantity Unit Cost Cost/Unit Margin/Unit 1,300 1,000 1,200 1,200 1,600 $8.78 9.59 6.55 4.45 7.49 9.83 9.24 6.32 4.91 7.37 $12.29 11.00 8.42 7.37 7.84 $2.11 1.40 0.70 1.76 1.17 Greg Forda is an accounting clerk in the accounting department of Riverbed Co., and he cannot understand why the market value keeps changing from replacement cost to net realizable value to something that he cannot even figure out. Greg is very confused, and he is the one who records inventory purchases and calculates ending inventory. You are the manager of the department and an accountant. (a) Your answer is incorrect. Try again Calculate the lower-of-cost-or-market using the individual-item approach Lower-of-Cost-or-Market (Per unit basis) Item A 1141 tem B 9590 Item C 860 Version 4.24.1.23