Lower-of-Cost-or-Market Inventory On the basis of the following data: Commodity Inventory Quantity Unit Unit Cost Price...

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Lower-of-Cost-or-Market Inventory On the basis of the following data: Commodity Inventory Quantity Unit Unit Cost Price Market Price AL65 15 $69 $88 CA22 8 76 95 LA98 27 250 275 SC16 40 55 48 UT28 43 179 165 Determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 10. Inventory at the Lower of Cost or Market Commodity Total Cost Total Market Total Lower of C or M AL65 CA22 LA98 SC16 UT28 Total Lower-of-Cost-or-Market Inventory On the basis of the following data: Commodity Inventory Quantity Unit Unit Cost Price Market Price AL65 15 $69 $88 CA22 8 76 95 LA98 27 250 275 SC16 40 55 48 UT28 43 179 165 Determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 10. Inventory at the Lower of Cost or Market Commodity Total Cost Total Market Total Lower of C or M AL65 CA22 LA98 SC16 UT28 Total