Smashing Pumpkins Company uses the lower-of-cost-or-market method, on an individual-item basis, in p 1 answer below »

Smashing Pumpkins Company uses the lower-of-cost-or-market method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2014, consists of products D, E, F, G, H, and I. Relevant per-unit data for these products appear below.

Item D

Item E

Item F

Item G

Item H

Item I Estimated selling price $130 $119 $103 $97 $119 $97 Cost 81 86 86 86 54 39 Replacement cost 130 78 76 32 76 32 Estimated selling expense 32 32 32 27 32 32 Normal profit 22 22 22 22 22 22

Using the lower-of-cost-or-market rule, determine the proper unit value for balance sheet reporting purposes at December 31, 2014, for each of the inventory items above.
Item D

$ Item E

$ Item F

$ Item G

$ Item H

$ Item I

$