Lower of cost or market inventory

Lower-of-Cost-or-Market Inventory On the basis of the following data: Commodity AL65 CA22 LA98 SC16 UT28 Determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 10. Inventory Quantity 23 47 14 45 47 Unit Unit Cost Price $147 254 233 300 195 $131 247 218 308 199 Inventory at the Lower of Cost or Market Total Market Total Lower of C or M Commodity Total Cost ALGS LA98 SC16 UT28