Use the information below for the following three questions: Dybala's Nursery uses LIFO cost flow assumption and has developed the following data for its products. The individual types of trees are separated as to their categories: Selling Price Cost Cost te Replace Rroad leaf trees: Ash $1,800 $1,000 $800 Beech 2,200 1,600 1,400 Needle leaf trees Cedar $2,500 $1,750 $1,800 Fir 3,600 3,350 3,200 Fruit trees: Apple $1,800 $1,400 $1,300 Cherry 2,300 1,800 1,700 The costs to sel are 10% of the selling price, and the normal profit margin on all trees is 20% of the selling price Determine the reported inventory value assuming the lower of cost or market rule is applied to individual tree products. QUESTION 38 Determine the reported inventory value assuming the lower of cost or market rule is applied to categories of trees. QUESTION 39 Determine the reported inventory value assuming the lower of cost or market rule is applied to the total inventory. TTTF Paragraph + Ariel 10