Section 7-INVENTORY COSTING USING THE LOWER OF COST OR NET REALIZABLE VALUE RULE 1. Use the following information to calculate inventory applying LCNRV by item: Item A Item B Item C Item D Item E Item F Recorded cost $12 $22 $17 $42 $32 $18 Expected sales price $16 $24 $19 $60 $40 $24 Disposal costs $2 $5 $2 $6 $6 $7 CON