Chapter 10, Problem 10.13BE

Lower of Cost or Market. Count Clothing Company manufactures two types of raincoats—Regular and Stan Resistant Information related to both products is presented in the following table

Group	Current Replacement Cost	Selling Price	Disposal Costs	Normal Profit Margin	Cost
Regular	$120	$190	$20	$70	$118
Stain Resistant	230	250	26	45	240

Determine the ending inventory value per unit and the amount of any write-downs per unit using the lower-of-cost-or-market rule assuming that Count Clothing uses the LIFO costing method and the group-by-group approach to LCM.