Copy of Copy of The units of an item available for sale during the year were as follows: lan 1 inventory 16 units at 129 April 15 Purchase 130 units at 114 September 9 Purchase 26 units at 120 There are 48 units of the item in the physical inventory at December 31 . The periodic inventory system is used. Determine the inventory cost using the average cost method. (Round to nearest whole dollar) Question 14 On the basis of the following data, determine the value of the inventory at the lower of cost or market. Apply lower of cost or marker to each inventory item as shown in Exhibit below. Item Inventory Quantity Unit Cost Price (\$) Unit Market Price (\$) MT22 176196864 Wrog 5171394416057759195171