Riegel Company uses the lower-of-cost-or-market method onanindividual-item basis

Riegel Company uses the lower-of-cost-or-market method onanindividual-item basis in pricing its inventory items. Theinventory at December 31 2011 consists of productsD E FG H and I. Relevant per-unit data for these products appearbelow.Item Item Item Item Item ItemD E F G H IEstimated selling price $120 $110 $95 $90 $110 $90Cost 75 80 80 80 50 36Replacement cost 120 72 70 30 70 30Estimated selling expense 30 30 35 35 30 30Normal profit 20 20 20 20 20 20InstructionsUsing the lower-of-cost-or-market rule determine the proper unitvalue for balance sheet reporting purposesat December 31 2011 for each of the inventory items above.