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 Unit Market Value per Unit (Net Realizable Value) Class 1: Model A 33 $99 $99 Model B 41 322 Model 300 219 30 198 Class 2: Model D 47 288 296 Model E 46 51 70 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 Value) Cost per Unit Cost Inventory Quantity Product Model A fill in the blank Odbbelfd6fd506c_1 Model B fill in the blank Odbb1fd5067 $fill in the bank Odbbelfd664506 4 $fill in the blank Odbbelfdfd506c_2 fill in the blank Odbbel forside fill in the blank Odbbc1f6fd06c_10 $ fill in the blank bef506_3 fill in the blank Odbbelfdfd506c 9 fill in the blank odbbedd06c_15 fill in the blank befasse 21 fill in the Bank Odbbeldobe 14 fill in the blank Odbbed6505 16 Model C fill in the blank Odbc1fdfd506_13 Model D fill in the blank Odbcf06e_19 hill in the blank Odbbc1fd6fd506_20 fill in the Bank Odbbelfdfd506c_22 fill in the blank Odbbelse 28 Model E fill in the bank bedofd506 25 fill in the blank Odbbclfd6fd506c 26 fill in the blank befa06 27 Total $fill in the blank Odsbelfdfd06c_31 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 Inventory at the Lower of Cost or Market Market Value per Unit (Net Realizable Value) Cost Market Lower of Cost or Market $fill in the blank odbbelfd506_3 fill in the blank Odbbelfdfd506c_9 fill in the blank odboldd06 15 fill in the blank Odbbedd06c_21 $fill in the blank Obbelfdod506_4 fill in the Bank Odbbed6fd06 10 fill in the blank Odbbed6fd506 16 $fill in the blank Odbbed6065 fill in the blank belfd506e_11 fill in the blank Odbbed6506 17 $fill in the blank odbbelfd06c_6 fill in the blank belfdfd506 12 fill in the blankobbedd06 18 fill in the blank disbeld0622 fill in the bank odber do 506 23 61 in the blank odbbed6d06c24 fill in the bank beds 30 in the blank Odbibelfdod 506 27 fill in the blank Odbbedd06 20 All in the blank odbbelfoss 29 $ill in the blank belfdfd506_31 $fill in the blank bed0632 $fill in the bank hes s of inventory Inventory at the 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 Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) Cost Product Class 1: Model A Silinde 40.000 Model fill in the bank ili bebank OST fill in the bank 0050027011 si dhe bank All in the Man fill in the Mark 13 Model fill in the back 40 12 Accounting numer teld Subtotal Class 2 Model D fill in the black 440059027020 fill in the bank 40.000 fill in the bank 27) 19 fasthank 0024 Model E Subtotal is the Mask 410DS07 Total $6 the Mask 467 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 per Unit (Net Realizable Value) Cost Market Lower of Cost or Market $fill in the blank 4100059027003 fill in the blank 4406059027608 fill in the blank 44000590270 13 $fill in the black 4059024 fill in the blank 4400030709 fill in bank 440/000270.14 $fill in the bank 4400590275 in the bank 1090070 10 fill in the blank 0059027015 in the blank 410005907080.16 $fill in the blank 405902760 17 fill in the blank 410005902710_21 $fill in the blank 460005902760 22 in the bank 440100590270026 Snill in the blank 4100052 23 fill in the blank 40590070_28 fill in the Bank 101005902727 $fill in the blank 4401005902710_30 $fill in the blank 4401005902700_29 $fill in the Mark 101005902770_32 $fill in the blank 440070 33 $fill in the Nank 000014 ntory Total $ fill in the blank 440100590270 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 Cost per Unit Market Value per Unit (Net Realizable Value) Cost $fill in the bank 15105027063 Inventory Quantity Product Model A fill in the blank flott 502706 1 Model B fill in the blank 1810502706e_6 Model C fill in the blank f1810650706e_11 Model D fill in the blank 1180502706_16 $fill in the blank f181011502706_2 fill in the bank 1810b5027067 fill in the blank 1810bfb502706e_8 fill in the black 18106/502706 13 fill in the blank f18106502706e_12 $ fill in the blank 181015027064 fill in the blank 18106502706e_9 fill in the blank 11002706e_14 fill in the blank s1002706e_19 fill in the blank 1810bb502706_24 fill in the blank 1810bb5027060 17 fill in the blank 180bb502 706 18 Model E fill in the blank 80502706e_21 fill in the blank 1810302706 22 blank f1810bfb502706_23 S fill in the blank so 50270616 Total Next > Check My Work 1 more Check My Work uses remaining, Inventory at the Lower of Cost or Market Market Value per Unit (Net Realizable Value) Cost Market Lower of Cost or Market $fill in the blank sobib5027064 $fill in the blank 1810bfb502706 3 fill in the blank 1810bb502706e_8 fill in the blank (18101502706_13 fill in the unknob 502706_18 fill in the bank robb5027069 fill in the blank 18101502706 14 $fill in the blank (18105027065 fill in the blank 18101502706 10 fill in the banks obb502706_15 fill in the blank 1810502706e_20 fill in the blank 1810bb502706 25 fill in the Bank sob502706_19 fill in the blank sofb502706 23 fill in the blank 1810bb502706e_24 $fill in the blank 1810bfb5027066 26 $fill in the black f1810bfb502706e_27 $fill in the blank flobb502706 28