Lower-of-cost-or-market inventocy On the basis of the following data, determine the value of the inventory at the lower of cost or market: Assembie the data in the form illistrated in Exhibit 10 . a. Determine the value of the inventory at the lower of cost or market agplied to each item in the inventory: Inventory at the Lower of Cost or Market b. Determine the value of the inventory at the lower of cost or market applied to each class of inventory. b. Determine the value of the inventory at the lower of cost or market applied to each class of inventory. c. Determine the value of the inventory at the lower of cost or market applied to total inventory. c. Determine the value of the inventory at the lower of cost or market applied to total inventory