VUUDUTO -73 View Policies Current Attempt in Progress Wildhorse Co.follows the practice of valuing its inventory at the lower-of-cost-or-market. The following information is available fr the company's inventory records as of December 31, 2020 Replacement Cost/Unit Quantity Unit Cost Estimated Selling Price/Unit Completion & Disposal Cost/Unit Normal Profit Margin/Unit Item 1.200 $7.58 $8.48 $10.61 $1.52 $ 1.82 900 8.28 7.98 9.49 0.91 1.21 1.100 5.66 5.45 7.27 1.16 0.61 D 1.100 3.84 4.24 6.36 0.81 1.52 1.500 6.46 636 6.77 0.71 1.01 Greg Forda is an accounting clerk in the accounting department of Wildhorse Co, and he cannot understand why the market valuie keeps changing from replacement cost to net realizable value to something that he cannot even figure out. Greg is very confused, and he is the one who records inventory purchases and calculates ending inventory. You are the manager of the department and an accountant 59F O NG Type here to search C Prt Sa Home Dll End Lower-of-Cost-or-Market (Per unit basis) Item A $ Item B TA $ Item C $ Item D $ Item E $ $ Save for Later