Lower of Cost-or-Market Inventory On the basis of the following data, determine the value the investery at the lower of cost or market. Assemble the data in the form Ilustrated in Exhib 10. Inventory Cast Per theit Market Vahre per Unit (Net Realizable Value) Product classi Model A Model Model 28 $239 $230 28 72 87 29 109 89 Model 12 186 179 Model E 41 168 192 a. Determine the value of the inventory at the lower of cost or market applied to each item in the inventory Inventory at the lower of Cost or Market Market Value Inventory Cost per Unit Product Quantity per Unit (Net Realizable Value) Cost Market Lower of Cost or Market Model A Model B Model Model D Model E JO JO s Total b. Determine the value of the inventory at the lower of cost or market applied to each dess et inventory Inventory at the Lower of Cost or Market Market Value Inventory Quantity Cost per Unit per Unit Cost Market Product Lower of Cost or Market (Net Realizable Value) Class 11 Model A Model B 999 Model Subtotal Class 2 Model D Mode Subtotal Total Determine the value of the inventory at the lower of cost or marloet applied to total inventory Inventory at the Lower of Cost or Market Market Value Inventory Cost Quantity per Unit (Net Realizable Value) per Unit Cost Market Lower of Cost or Market Product Model A Model B Model C Model D Model E Total