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. Market Valua per Unit Inventory Cost Per (Net Realizable Product Quantity Unit Class 1: Value) ) 19 $218 $242 Model A 22 184 199 Model B 40 111 133 Model C Class 2: 34 236 237 Model D 27 263 285 Model E 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 per Unit Value) Inventory Product Quantity Cost (Net Realizable Lower of Cost or per Unit Cost Market Market Model A Model B Model C Model D Model E Total 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 Market Value per Unit Inventory Cost Product Quantity per Unit (Net Realizable Value) Lower of Cost or Cost Market Market Class 1: Model A $ Model B Model C Subtotal Class 2: Model 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 Market Value Inventory Cost Product Quantity per Unit per Unit (Net Realizable Value) Model A Model B Model C Model D Model E Total Lower of Cost or Market Cost Market $