Determining the Lower of Inventory Cost or Market Value

The December 31, 2016 inventory of ABC Company consisted of four products, for which certain information is provided below.
                                                       Replacement                 Estimated                  Expected              Normal Profit
Product               Original Cost                  Cost                          Disposal Cost             Selling Price            on Sales
    A                           $24.00           $22.00                             $6.50                           $40.00                       20%
    B                           $42.00           $40.00                           $10.00                           $48.00                       25%
    C                         $120.00         $115.00                           $25.00                         $190.00                       30%
    D                           $19.00          $15.80                             $4.00                           $26.00                       10%

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, 2016.