Jones Company is preparing the annual financial statements dated December 31, 2015. Ending inventory information about the five major items stocked for regular sale follows: ENDING INVENTORY, 2015 Quantity on Unit Cost When Replacement Cost Item Hand Acquired (FIFO) (Market) at Year-End A 53 $18 $ 15 83 33 43 13 51 55 73 28 33 353 13 8 Required: Compute the valuation that should be used for the 2015 ending inventory using the LCM rule applied on an item-by-item basis. LCM Item Quantity Total Cost Total Market Valuation A 53 B 83 13 73 353 Total 0 $ 0 BCDE ODE с $ 0 $