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 is in Exhibit 10. Inventory Quantity Cost Per Unit Market Value per Unit (Net Realizable Value) Product Class 1 : Model A 18 $145 $159 Model B 49 193 202 Model 24 55 55 Class 2: Model D 44 271 260 Model E 28 116 139 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 Quantity per Unit (Net Realizable Value) per Unit Cost Market Lower of Cost or Market Product Model A 3rd 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 Cost per Unit Cost Market per Unit (Net Realizable Value) Lower of Cost or Market Inventory Quantity Product Model A Model B Model C Model D Model E Total Accounting numeric field 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 Cost Cost Market Value per Unit (Net Realizable Value) Inventory Quantity Market Lower of Cost or Market per Unit Product 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 Cost Market Lower of Cost or Market Inventory Quantity Market Value per Unit (Net Realizable Value) Cost per Unit Product Class 1: Model A Model B Model 99 Accounting umenic field Subtotal Class 2: Model D 888 Model E Subtotal Total c. Determine the value of the inventory at the lower of cost or market applied to total inventory 3rd - CH 6 Exercises TULIS Subtotal Class 2: Model D 888 Model E Subtotal Total c. Determine the value of the inventory at the lower of cost or market applied to total inventory Lower of Cost or Market Inventory at the Lower of Cost or Market Market Value Inventory Cost Cost Market Quantity per Unit (Net Realizable Value) Product Model A per Unit Model B Model Model D Model E Total