The December 31, 2020 inventory of Gwynn Company consisted of four products, for which certain information is provided below.

Replacement Estimated Expected Normal Profit Product Original Cost Cost Disposal Cost Selling Price on Sales A $24.00 $22.00 $6.50 $40.00 20% B $42.00 $40.00 $10.00 $48.00 25% C $120.00 $115.00 $25.00 $190.00 30% D $19.00 $15.80 $4.00 $26.00 10% Instructions Using the lower-of-cost-or-market approach applied on an individual-item basis, compute the inventory valuation that should be reported for each product on December 31, 2020.