E6-10A. Lower-of-Cost-or-Market (LCM) Method The following data are taken from the Browning Corpo- L ration's inventory accounts: Item Code Quantity Unit Cost Replacement Cost $24 31 18 27 $27 29 ACE . BDF . GHJ MBS . ....100 200 24 Caeculate the value of the company's ending inventory using the lower-of cost-or-market method ap plied to each item of inventory nsSlos in Inventory The Southern Company installed a new inven