ALGO The following information is taken from a company's records Cost Market value ALGO per Unit per Unit 5.ALGO ALGO Inventory Item 1 (10 units) $33 $32 Inventory Item 2 (21 units)) 16 16 Inventory Item 3 (15 units) 10 05 ALGO Applying the lower-of-cost-or-market approach, what is the correct value that should be reported on the balance sheet for the inventory? 09 ALGO 0.11 ALGO 0.10. ALGO 10.08 ALGO