Below are 4 items. Please tell me the following:

Below are 4 items. Please tell me the following:  

style=”color:#000000;”> 1. Ceiling

2. Floor

3. Lower Cost or Market

Item           Cost   Repl. Cost      Selling $  Cost of Completion  Normal Profit

1                 20.50   19,00              25                 1                           6

2                 26.00    20                  30                  2                           7

3.                10          12                  15                 1                            3

4.                40          55                   60                 6                           4

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