Lower-of-Cost-or-Market Inventory On the basis of the following data: Commodity Inventory Quantity Unit Cost Price Unit Market Price AL65 40 $60 $81 CA22 47 242 249 LA98 30 102 114 SC16 12 197 174 UT28 19 162 167 Determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 10.

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. Inventory at the Lower of Cost or Market EXHIBIT 10 Determining Inventory at Lower of Cost or Market (LCM)