Lower of cost-or-market inventory On the basis of the following data, determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 10. Product Class 1: Model A Model B Model C Class 2: Model D Model E Inventory Quantity Product Model A Model B 9 11 Inventory Quantity 39 50 29 Cost Per Cost per Unit Unit LION $153 289 181 262 123 Market Value per Unit (Net Realizable Value) a. Determine the value of the inventory at the lower of cost or market applied to each item in the inventory. $132 303 179 Inventory at the Lower of Cost or Market Market Value per Unit (Net Realizable Value) 258 Cost 106 Lower of Cost or Market Market 888 All work saved. Email Instructo Previous Submit Next 4

\begin{tabular}{|c|c|c|c|} \hline Product & \begin{tabular}{l} Inventiony \\ Quantity \end{tabular} & \begin{tabular}{l} Cost Per \\ Uhit \end{tabular} & \begin{tabular}{l} Harket Value per Unit \\ (Net Nealurable Vahue) \end{tabular} \\ \hline \multicolumn{4}{|l|}{ Cim in } \\ \hline Model A & 3 & $193 & $192 \\ \hline Moder a & 11 & 259 & 300 \\ \hline Hodelc & 39 & 181 & \\ \hline \multicolumn{4}{|l|}{Com2} \\ \hline Model D & 50 & 262 & \\ \hline Mode E & 29 & 123 & 106 \\ \hline \end{tabular} taventery at the Lower af Cest er Market Harhet Value per Unan Inventery cou (Net Realisable Product Guention per Unt Vales) Linver af Cust ar Modat in Madel a Arrows Nunc