Determining Lower of Cost or Market The following data refer to Froning Company's ending inventory Item Code Quantity Unit Cost Unit Market LXC 50 $45 KWT 210 38 MOR 300 22 100 27 32 NES Determine the ending inventory amount by applying the lower of cost or market rule to: (a) each item of inventory $ 19,530 (b) the total inventory. $ 18,090