Show work please.

Copy The December 31.2012 inventory of onsisted of two products, for which certain information is provided below. Expected Estimated Estimated Product Original Cost Selling Price Cost to Complete Cost to Sell A $25.00 $37.00 $7.00 $8.00 REQUIRED: Using the lower-of-cost-or-NRV approach applied on an individual-item basis, compute the inventory valuation that should be reported for each product on December 31, 2012. Place all answers in the table below. Show and label your work clearly. Product Final Inventory Gain or Loss (dollar Valuation (dollar value) to be value) Recognized on December 31, 2012 (if any, label gain or loss clearly) A