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 Inventory Quantity Cost Per Market Value per Unit Unit (Net Realizable Value) Class 1: Model A 43 $172 $159 Model B 26 263 2811 Model C 12 240 223 Class 2: Model D 33 202 Model E 34 132 204 146 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 Uniti (Net Realizable Inventory Quantity Product Cost per Unit Model A Model B Model C Model D Model E Total Value) Lower of Cost of Cost Market Market Determine the value of the inuentencat the loner.of.cost.or.mackat.applied to each.class.of.imenton 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 Inventory Cost per Unit (Net Realizable Lower of Cost or Product Quantity per Unit Value) Cost Market Market Class 1: Model A Model B Model C Subtotal Class 2:1 Model D Model E Total Subtotal 100 0 c. Determine the value of the inventory at the lower of cost or market applied to total inventory. 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 per Unit (Net Realizable Lower of Cost or Market Value) Product Quantity per Unit. Cost Market Model A Model B Model C Model D Model E Total Check My Work 5 more Check My Work uses remaining. 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 Inventory Quantity Cost Per Market Value per Unit Unit (Net Realizable Value) Class 1: Model A 43 $172 $159 Model B 26 263 2811 Model C 12 240 223 Class 2: Model D 33 202 Model E 34 132 204 146 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 Uniti (Net Realizable Inventory Quantity Product Cost per Unit Model A Model B Model C Model D Model E Total Value) Lower of Cost of Cost Market Market Determine the value of the inuentencat the loner.of.cost.or.mackat.applied to each.class.of.imenton 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 Inventory Cost per Unit (Net Realizable Lower of Cost or Product Quantity per Unit Value) Cost Market Market Class 1: Model A Model B Model C Subtotal Class 2:1 Model D Model E Total Subtotal 100 0 c. Determine the value of the inventory at the lower of cost or market applied to total inventory. 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 per Unit (Net Realizable Lower of Cost or Market Value) Product Quantity per Unit. Cost Market Model A Model B Model C Model D Model E Total Check My Work 5 more Check My Work uses remaining.