$12.$ Screeching Meadows sells Halloween Costumes for small children. Evaluate the inventory using the lower of cost or market method. $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

Item

Cowboy Boots

Vinyl Masks

Wigs

Clown Suits Quantity

$40$

$12$

$34$

$18$ Cost Per Unit

$$5$

$4$

$7$

$15$ Market Value

$$3$

$9$

$6$

$25$ LCM