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 9.

Product	Inventory Quantity	Unit Cost Price	Unit Market Value per Unit (Net Realizable Value)
Model A	300	$140	$125
Model B	500	90	112
Model C	150	60	59
Model D	800	120	115
Model E	400	140	145

Inventory at the Lower of Cost or Market
Product	Total Cost	Total Market	Lower of Total Cost or Total Market
A	$	$	$
B
C
D
E
Total	$	$	$