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E6-18 Lower-of-cost-or-market inventory the basis of the following data, determine the value of the inventory at the lower of cost market. Assemble the data in

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E6-18 Lower-of-cost-or-market inventory the basis of the following data, determine the value of the inventory at the lower of cost market. Assemble the data in the form illustrated in Exhibit 9. Inventory Quantity 35 67 Unit Cost Price Commodity Buffalo Dakota Frontier Midwest Rainbow Unit Market Price $120 75 280 30 94 $115 83 100 300 40 90

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