Lower of Cost or Market

The following information is taken from Aden Company's records:

Product	Group	Units	Cost/Unit	Market/Unit
A	1	600	$1.00	$0.80
B	1	250	1.50	1.55
C	2	150	5.00	5.25
D	2	100	6.50	6.40
E	3	80	25.00	24.60

Required:

What is the correct inventory value if the company applies the lower of cost or market to each of the following? When required, round your answers to the nearest cent.

Individual items

Product A		$
Product B
Product C
Product D
Product E
Total inventory value		$

Groups of items

Group 1		$
Group 2
Group 3
Total inventory value		$

The inventory as a whole

Total inventory value

$