If a company values inventory at the lower of cost or market, which of the following is the value of merchandise inventory on the balance sheet? Apply the lower-of-cost- or-market method to inventory as a whole. Item Inventory Quantity Unit Cost Price Unit Market Price $6 Product C Product D O a $6,960 O b. $7,700 O c $6,540 Od $7,280 420 370 12 $5 14

If a company values inventory at the lower of cost or market, which of the following is the value of merchandise inventory on the balance sheet? Apply the lower-of-costor-market methed to inventory as a whole. 4. 56.800 h. 57,700 fe. sowe 4.57280