Inventory on the Balance Sheet On the basis of the following data, determine the value of the inventory at the lower of cost or market. Refer to Exhibit 9 for guidance. Market Value per Inventory Unit Cost per Unit Product Quantity (Net Realizable Value) Adams 144 150 Coolidge 113 94 McKinley 375 350 Garfield 50 50 38 104 125 Lincoln 113 118 Assuming that the cost was determined by the FIFO method, show how Inventory would appear on the balance sheet. Inventory