a. Determine the value of the inventory at the lower of cost or market applied to each item in the inventory. c. Determine the value of the inventory at the lower of cost or market applied to total inventory. towar-of:Cost-pr-Marker Imwentory On the basis of the following data, determine the value of the inventary at the lower of cost or marke, Assemble the data in the formt illustrated in Exibet io. b. Determine the value of the inventory at the lower of cost or market applied to each class of inventory