=+EX 7-10 Comparing inventory methods obj. 5 On the basis of the following data, determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 8.

Inventory Unit Unit Commodity Quantity Cost Price Market Price Aquarius 20 $ 80 $ 92 Capricorn 50 70 65 Leo 8 300 280 Scorpio 30 40 30 Taurus 100 90 94