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4. Talha Electronics Store has gathered the following information about inventory in their store as on December 31 2020. Inventory Items Quantity Cost per Unit

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4. Talha Electronics Store has gathered the following information about inventory in their store as on December 31" 2020. Inventory Items Quantity Cost per Unit Market Price per Unit 1 Refrigerators 15 85 2 Air conditioners 20 120 130 3 Washing Machines 30 90 85 80 Required: Compute the total value of inventory by using lower-of-cost-or-market value method

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