Lower-of-cost-or-market inventory Data on the physical inventory of Ashwood Products Company as of December 31 follow: Quantity and cost data from the last purchases invoice of the year and the next-to-the-last purchases invoice are summarized as follows: 1. Incert the quarfity and unit cost of the last purehasa. 2. On the following lina. insert the quantity and uat cest of the naxt-to+the-last purchale- 3. Total the cast and markot columhs and insert the lower of the two totais in the (CM column. The first isem on the itiventory sheet has been completed as an example