012 III Question 13 of 16 Show Attempt History Current Attempt in Progress * Your answer is incorrect. Jeri Company sells three different categories of tools (small, medium and large). The cost and market value of its inventory of tools are as follows. Small Medium Large Cost $ 64,000 290,000 152,000 Market $ 61,000 260,000 167,000 Determine the value of the company's inventory under the lower-of-cost-or-market approach. The total inventory value 688160 e Textbook and Media List of Accounts Save for Lates Attempts: 3 of 5 used Submit Answer earch o i E PET cm 2 F11 % 5 8 7 2 3 4 CO 8 9