The Quick Company has three inventory items on hand at the end of 2021. The year-end unit costs (determined by applying the LIFO cost method), replacement cost, net realizable value, and normal profit, margin for each of the items are presented below. Replacement Item Cost Net Realizable Value Normal Profit Margin Cost $ 110 $180 $ 120 A $17 40 210 210 B 190 140 150 26 c 170 REQUIRED (show all work; list your intermittent calculations for market value and final answers in the space below): Use the lower of cost or market rule on an individual item basis to determine the proper value for balance sheet reporting purposes for the inventory at December 31, 2021. Assume that the company has 1.000 units of each product on hand. 1. Market Value of Item A (per unit) 2. Market Value of Item B (per unit) the lower On basis to determ purposes for the inventory at December 31, 2021. Assume that the 1. Market Value of Item A (per unit) 2. Market Value of Item B (per unit) 3. Market Value of Item C (per unit) What is reported on the Balance Sheet: 4. Value of Item A (in total, for all 1,000 units) 5. Value of Item B (in total, for all 1,000 units) 6. Value of Item C (in total, for all 1,000 units) Edit Format Table 12pty Paragraph BI U Ave Tv|||