A company reported the following data related to its ending inventory: 
Calculate the lower-of-cost-or-market on the inventory applied separately to each product.
Definitions:
Teamwork
The collaborative effort of a group to achieve a common goal or complete a task in the most effective and efficient way.
Imputed Interest Rate
An estimated interest rate used to calculate the present value of future cash flows, when no explicit interest rate is provided.
Residual Income
Income that remains after all costs and expenses, including the cost of capital, have been subtracted from net revenues.
Riskiness Of Investments
The degree of uncertainty associated with the returns on investments, indicating the potential to lose some or all of the original investment.
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