The Following Tabulation Gives Data Pertinent to the Inventory Valuation

The following tabulation gives data pertinent to the inventory valuation of five different items of raw material. For each item, compute a) unit net realizable value, b)"market," and c) unit inventory value under lower-of-cost-or-market. Normal profit in each instance is 10 percent of selling price. $\begin{array}{|l|l|l|l|l|}\hline & {\text { Items }} \\\hline & \text { A } & \text { B } & \text { C } & \text { D } \\\hline \text { Cost } & \$ 13 & \$ 76 & \$ 16 & \$ 35 \\\hline \text { Selling price } & 20 & 80 & 17 & 50 \\\hline \text { Replacement cost } & 14 & 70 & 15 & 32 \\\hline \text { Estimated cost to complete and sell } & 4 & 6 & 3 & 10 \\\hline\end{array}$

$\begin{array}{|l|l|l|l|l|}\hline \text { (a) Unit realizable value (net) } &&&& \\\hline \text { (b) Market } & \\\hline \text { (c) Unit inventory value under lower-of-cost-or-market } & \\\hline\end{array}$