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Jane Company uses the lower-of-cost-or-market method, on an individual item basis, in pricing its inventory...

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Accounting

Jane Company uses the lower-of-cost-or-market method, on an individual item basis, in pricing its inventory items. The inventory at December 31, 2017, 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

 $ 264 $ 242 $ 209 $ 198 $ 242 $ 198

Cost

 165 176 176 176 110 79

Replacement cost

 264 158 154 66 154 66

Estimated selling expense

 66 66 66 55 66 66

Normal profit

 44 44 44 44 44 44

Using the lower-of-cost-or-market rule, determine the proper unit value for balance sheet reporting purposes at December 31, 2017, for each of the inventory items above.

Item D

$ enter a dollar amount

Item E

$ enter a dollar amounT

Item F

$ enter a dollar amount

Item G

$ enter a dollar amount

Item H

$ enter a dollar amount

Item I

$ enter a dollar amount

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