eBook Show Me How Print item Lower of Cost or Market Inventory On the basis of the following data, determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 10 Inventory Unit Unit Commodity Quantity Cost Price Market Price Ash 80 $140 $125 Aspen 120 90 112 30 75 Beech 74 86 88 Maple 75 60 140 Oak 145 Inventory at the Lower of Cost or Market Total Market Total Lower of Cor M Commodity Total Cost Ash 11.200 10.800 Aspen Beech 2.250 Maple 6,600 Oak 3,400 Total 39,250