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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 80 85 2 Air conditioners 20 120 130 3 Washing Machines 30 90 85 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 80 85 2 Air conditioners 20 130 3 Washing Machines 30 90 85 120 Required: Compute the total value of inventory by using lower-of-cost-or-market value method

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