Synta page 2 Problem 84 page 3 Armoires by Alexis, Ltd. sells designer armoires. Most Armoires are standard models sold at catalog prices. The company has adopted a lower of FIFO cost or market approach applied to inventory on an individual item basis. At December 31, 2018 the following "amazing armoires" appear in inventory: AA1AA2AA3 2018 catalog selling price FIFO cost per inventory list Replacement cost Costs of disposal "Normal" gross profit margin #of units in 12-31-18 inventory 1,600 1.325 1,445 160 15% 200 $ $ $ $ 1,800 1,500 1,490 180 $ $ $ $ 2,500 1.800 1.740 250 20% 18% 300 26-28 Calculate the "Designated Market" unit cost for: AA1 AA2 29 - 31 Calculate "LCM" unit cost for: 32 Calculate the total inventory write-down for ALL armoires