Lower-of-cost-or-market inventory 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. Product Class 1: Model A Model B Model C Class 2: Model D Model E Product Model A Model B Model C Model D Model E Total Inventory Quantity Product Class 1: 420 700 Model A Model B Model C 225 600 380 Inventory Cost Quantity per Unit $ Subtotal Cost Per Unit $120 a. Determine the value of the inventory at the lower of cost or market applied to each item in the inventory. 80 50 140 160 Market Value per Unit (Net Realizable Value) $105 Market Value per Unit (Net Realizable Value) 102 48 Cost 125 Inventory at the Lower of Cost or Market 172 Market b. Determine the value of the inventory at the lower of cost or market applied to each class of inventory. $ Inventory at the Lower of Cost or Market Lower of Cost or Market $ Market Value per Unit Cost (Net Realizable Inventory Value) Quantity per Unit EM 88888 Cost Lower of Cost or Market Market

Lower-of-cost-or-market inventory 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. a. Determine the value of the inventory at the lower of cost or market applied to each item in the inventory. 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