Inventory at the Lower of Cost of Marknt C. Determine the value of the inventory at the lower of cost or market applied to total inventory. Lower of - cost-or-market inveritory On the basis of the following data, determine the value of the irventory at the lower of cost or market. Assemble the data in the form iflustrated in Exhibit 10. a. Determine the value of the imventory at the lower of cost or market abplied to eacti item in the inventory. Iutuation at the 1 nweer of Cast or Market a. Determane the value of the imventory at the lower of cost or market applied is each item in the anventory. b. Determine the volue of the inventoey at the lower of cost of market agplied to cach class of inventory