Intructions: a.) Compute the Lower of Cost or Market Valuations for the Howe Company's total inventory based of the following, Show all work to.arrive at xour answst Cost Dats $18,000 $14,000 $21,000 Marketer $17,700 $14,600 $19,500 Equipment Truck b.) By applying Lower of Cost or Market Valuation to Inventory, the preparer of the Financial Statement would be applying the Constraint of : c.) Explain the meaning of this