B. Lower of cost or market for inventory Ahdo Company had 3 machines in its December 31, 2010 inventory. Information on the machines is as follows: Machine Original Replacement Estimated number Cost cost sellin - nrice ___ 83-786 16,000 14,500 20,000 20 000 24 000 25 000 Ahdo pays a commission equal to 5% of sales to the salesman that sells a machine. The typical net profit on sales is 20%. Required: 1. Calculate the total value of the inventory if lower of cost or market is applied individually to each unit in the inventory: 2. Calculate the total value of the inventory if the lower of cost or market method is applied in the aggregate to the total inventory