Lower-of-Cost-or-Market Inventory On the basis of the following data, determine the value of the inventory at the lower of cost of market. Assemble the data in the form lustrated in Exhibit 10. Cost Per Inventory Quantity Product Market Value per Unit (Net Realizable Value) Unit Class 1: Model A 36 $284 $285 Model B 29 223 233 162 Model C 22 166 Class 2: Model D 36 174 150 Model E 15 181 175 a. Determine the value of the inventory at the lower of cost or market applied to each item in the inventory Inventory at the Lower of Cost or Market Cost Market Lower of Cost or Market Inventory Quantity Market value Cost per Unit per Unit (Net Realizable Value) Product a. Determine the value of the inventory at the lower of cost or market applied to each item in the inventory. Inventory at the Lower of Cost or Market Market Value Inventory Cost per Unit Quantity per Unit (Net Realizable Value) Cost Market Lower of Cost or Market Product Model A Model B Model Model D Model E Total b. Determine the value of the inventory at the lower of cost or market applied to each dass of inventory Inventory at the Lower of Cost or Market Market Value Inventory at the Lower of Cost or Market Market Value Inventory Quantity Cost per Unit per Unit Cost Market Lower of Cost or Market (Net Realizable Value) Product Class 1: Model A Model B 89 Model Subtotal Class 2: Model D ji do 8 88 DIO) D. Model E Subtotal Total 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 Class 2: Model D Model E Subtotal 888 Total 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 Cost Market Lower of Cost or Market Market Value Inventory Cost per Unit Quantity per Unit (Net Realizable Value) Product Model A Model B Model Model D Model E Total