The following information is available from the inventory records Involute Apparel as of December 31, 2028.

Item	Quantity	Unit Cost	Replacement Cost/Unit	Estimated Selling Price/Unit	Completion & Disposal Cost/Unit	Normal Profit Margin/Unit
A	1,100	$15.00	$16.80	$21.00	$3.00	$3.60
B	800	16.40	15.80	18.80	1.80	2.40
C	1,000	11.20	10.80	14.40	2.35	1.30
D	1,000	7.60	8.40	12.30	1.60	3.00
E	1,400	12.80	12.60	12.70	1.40	2.00

Instructions

(a) Determine, for each item, the lower-of-cost-or-net-realizable value.

(b) Determine for each item, the lower-of-cost-or-market value.