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 46 $77 $60 Model B 44 278 285 Model C 8 104 111 Class 2: Model D 26 172 191 Model E 40 153 142 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 (Net Realizable Inventory Quantity Product Cost per Unit Model A Model B Model C Model D Model E Total Value) Lower of Cost Market Cost or Market