Unit costs of the principal products sold by Houston Company at the end of the current year are presented in the first line of the amounts below. Beneath the actual cost figures are the anticipated selling prices and replacement costs of the products. Costs to complete average $12 per unit and normal profit has averaged 10% of the selling prices.

Determine the following

the amount of the ceiling and the floor for each product.

The amount to be used as designated market and the LCM.

The amount of the per unit loss, if any, on a product-by-product basis.

		Product 1	Product 2	Product 3	Product 4	Product 5	Product 6
Actual Cost		$140	$150	$156	$152	$160	$160
Sales prices		$160	$160	$180	$180	$190	$190
Replacement cost		$150	$150	$154	$146	$162	$158