1 Use the following information to calculate inventory applying LCM by item: Normal Recorded Replacement Expected Disposal profit cost cost sales price costs margin Item A $12 $13 $16 $2 $3 Item B $22 $20 $24 $5 $2 Item C $17 $16 $19 $2 $2 Item D $42 $38 $60 $6 Item E $32 $30 $40 $6 $3 Item F $18 $20 $24 $7 $2 $8