Lower-of-Cast-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 Market Value per Unit Inventory Quantity Cost Per Unit (Net Realizable Value) Class 1: Model A 45 $69 $73 Model B 28 237 231 Model C 50 262 269 Class 211 Model D 12 102 112 ) Model E 27 136. 130 a. Determine the value of the inventory at the lower of cost or market applied to each item in the inventory. Inventory Cost Inventory at the Lower of Cost or Market Market Value per Unit Product Quantity per Unit (Net Realizable Value) Cost Market Lower of Cost or Market Model A Model B Model C Model D *00000 Model E Total b. Determine the value of the inventory at the lower of cost or market applied to each class of inventory. Cost Market Lower of Cost or Market Inventory Quantity Product Class 1: Model A Model B Model C Subtotal Class 2: Model D Model E Total Subtotal Cost per Unit Inventory at the Lower of Cost or Market Market Value per Unit (Net Realizable Value) CUT 88 c. Determine the value of the inventory at the lower of cost or market applied to total inventory. Inventory at the Lower of Cost or Market Inventory Cost Market Value per Unit Quantity per Unit (Net Realizable Value) Cost Market Lower of Cost or Market Product Model A Model B Model C Model D Model E