Accounting question question is complete and starts at green text that states lower of cast or market inventory

Lower-ofCostor-Market Inventory On the basis of the following data, determine the value of the inventory at the lower of cost or market. Assemble the data In the form Illustrated in Exhibit 10. Inventory Cost Per Market Value per Unit Product Quantity Unit (Net Realizahle Value) Class 1: Model A 32 $253 $230 Model B 11 117 120 Model C 40 249 238 Class 2: Model D 44 51 35 Model E 12 244 235 a. Determine the value of the inventory at the lower of cost or market applied to each item in the inventory. Inventory at the Lower of Cost or Market Market Value Inventory Cost per Unit Cost Market Lower of Cost or Market Product Quantity per Unit (Net Realizable Value) Model A l $l sl s l s l s | Model 3 l | l l l | a. Determine the value of the inventory at the lower of cost or market applied to each item in the inventory. Inventory at the Lower of Cost or Market Market Value Inventory Cost per Unit Cost Market Lower of Cost or Market Product Quantity per Unit (Net Realizable Value) Model A Model B Model C Model D Model E Total b. Determine the value of the inventory at the lower of cost or market applied to each class of inventory. Inventory at the Lower of Cost or Market Market Value Inventory Cost per Unit per Unit Cost Market Lower of Cost or Market Product Quantity (Net Realizable Value) Class 1: Model Ab. Determine the value of the inventory at the lower of cost or market applied to each class of inventory. Inventory at the Lower of Cost or Market Market Value Inventory Cost per Unit per Unit Cost Market Lower of Cost or Market Product Quantity (Net Realizable Value) Class 1: Model A Model B Model C Subtotal Class 2 Model D Model E Subtotal Total c. Determine the value of the inventory at the lower of cost or market applied to total inventory. Inventory at the Lower of Cost or MarketModel C Subtotal Class 2: Model D Model E Subtotal Total c. Determine the value of the inventory at the lower of cost or market applied to total inventory. Inventory at the Lower of Cost or Market Market Value Inventory Cost per Unit Cost Market Lower of Cost or Market Product Quantity per Unit (Net Realizable Value) Model A Model B Model C Model D Model E Total