Valuing Inventory at Lower-of-Cost-or-Market Gard Inc. has compiled the following information related to its five products. Costs of disposal are estimated to be 10% of selling price, and gross profit is estimated to be 25% of the selling price. Determine the value of inventory applying the lower-of-cost-or- market rule to each individual inventory item. Note: Round each amount to the nearest dollar. #1 #2 #3 #4 #5 Estimated selling price $330 $380 $410 $500 $650 Original cost (LIFO) 225 240 300 315 450 Replacement cost - 250 350 245 330 415 Inventory at the lower-of-cost-or-market $ Check