The December 31, 2020 inventory of Crane Company consisted of four products, for which certain information is provided below.
| Product | Original Cost | Replacement Cost |
Estimated Disposal Cost |
Expected Selling Price |
Normal Profit on Sales |
||||||||||
| A | $28.00 | $26.00 | $6.00 | $50.00 | 30.00% | ||||||||||
| B | $42.00 | $40.00 | $10.00 | $49.00 | 30.00% | ||||||||||
| C | $136.00 | $131.00 | $28.00 | $210.00 | 25.00% | ||||||||||
| D | $19.00 | $14.00 | $5.00 | $25.00 | 15.00% | ||||||||||
Using the lower-of-cost-or-market approach applied on an individual-item basis, compute the inventory valuation that should be reported for each product on December 31, 2020
