The following information is available for the Elf Company Case Cost Net realizable value Net realizable value less normal profit Replacement cost 1 $10.00 $ 12.00 $ 8.00 $ 8.00 $ 13.00 $ 6.50 $ 7.50 11.50 $ 6.00 $ 7.75 $ 13.25 $ 5.75 Assume that the company uses the LIFO cost flow assumption Required: For each case, calculate the following using the following setup: Lower of Cost or Floor MarkeCos Market Item Ceiling