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Item Inventory Quantity Unit Cost Price Unit Market Price Raven 10 1,200 $115 $112 Dove 23 6,500 17 22 Determine the value of the inventory

Item Inventory Quantity Unit Cost Price Unit Market Price
Raven 10 1,200 $115 $112
Dove 23 6,500 17 22

Determine the value of the inventory at the lower-of-cost-or-market. (Note: Apply lower-of-cost-or-market to each inventory item, as shown in Exhibit 10.) $fill in the blank 1

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