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 24 $61 $86 Model B 47 88 90 Model C 27 295 297 Class 2 Model D 27 240 253 Model E 27 278 302 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 Product Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) Cost Market Lower of Cost or Market Model A fill in the blank 9d8f2dfaa066fc2 1 $fill in the blank 9d8f2dfaa066fc2 2 $fill in the blank 9d8f2dfaa066fc2 3 $fill in the blank 9d8f2dfaa066fc2 4 $fill in the blank 9d8f2dfaa066fc2 5 $fill in the blank 9d8f2dfaa066fc2 6 Model B fill in the blank 9d8f2dfaa066fc2 7 fill in the blank 9d8f2dfaa066fc2 8 fill in the blank 9d8f2dfaa066fc2 9 fill in the blank 9d8f2dfaa066fc2 10 fill in the blank 9d8f2dfaa066fc2 11 fill in the blank 9d8f2dfaa066fc2 12 Model C fill in the blank 9d8f2dfaa066fc2 13 fill in the blank 9d8f2dfaa066fc2 14 fill in the blank 9d8f2dfaa066fc2 15 fill in the blank 9d8f2dfaa066fc2 16 fill in the blank 9d8f2dfaa066fc2 17 fill in the blank 9d8f2dfaa066fc2 18 Model D fill in the blank 9d8f2dfaa066fc2 19 fill in the blank 9d8f2dfaa066fc2 20 fill in the blank 9d8f2dfaa066fc2 21 fill in the blank 9d8f2dfaa066fc2 22 fill in the blank 9d8f2dfaa066fc2 23 fill in the blank 9d8f2dfaa066fc2 24 Model E fill in the blank 9d8f2dfaa066fc2 25 fill in the blank 9d8f2dfaa066fc2 26 fill in the blank 9d8f2dfaa066fc2 27 fill in the blank 9d8f2dfaa066fc2 28 fill in the blank 9d8f2dfaa066fc2 29 fill in the blank 9d8f2dfaa066fc2 30 Total $fill in the blank 9d8f2dfaa066fc2 31 $fill in the blank 9d8f2dfaa066fc2 32 $fill in the blank 9d8f2dfaa066fc2 33 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 Product Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) Cost Market Lower of Cost or Market Class 1 Model A fill in the blank 2a9e30ff7044068 1 $fill in the blank 2a9e30ff7044068 2 $fill in the blank 2a9e30ff7044068 3 $fill in the blank 2a9e30ff7044068 4 $fill in the blank 2a9e30ff7044068 5 Model B fill in the blank 2a9e30ff7044068 6 fill in the blank 2a9e30ff7044068 7 fill in the blank 2a9e30ff7044068 8 fill in the blank 2a9e30ff7044068 9 fill in the blank 2a9e30ff7044068 10 Model C fill in the blank 2a9e30ff7044068 11 fill in the blank 2a9e30ff7044068 12 fill in the blank 2a9e30ff7044068 13 fill in the blank 2a9e30ff7044068 14 fill in the blank 2a9e30ff7044068 15 Subtotal $fill in the blank 2a9e30ff7044068 16 $fill in the blank 2a9e30ff7044068 17 $fill in the blank 2a9e30ff7044068 18 Class 2 Model D fill in the blank 2a9e30ff7044068 19 fill in the blank 2a9e30ff7044068 20 fill in the blank 2a9e30ff7044068 21 $fill in the blank 2a9e30ff7044068 22 $fill in the blank 2a9e30ff7044068 23 Model E fill in the blank 2a9e30ff7044068 24 fill in the blank 2a9e30ff7044068 25 fill in the blank 2a9e30ff7044068 26 fill in the blank 2a9e30ff7044068 27 fill in the blank 2a9e30ff7044068 28 Subtotal $fill in the blank 2a9e30ff7044068 29 $fill in the blank 2a9e30ff7044068 30 fill in the blank 2a9e30ff7044068 31 Total $fill in the blank 2a9e30ff7044068 32 $fill in the blank 2a9e30ff7044068 33 $fill in the blank 2a9e30ff7044068 34 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 Product Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) Cost Market Lower of Cost or Market Model A fill in the blank 872ca9f71020fe6 1 $fill in the blank 872ca9f71020fe6 2 $fill in the blank 872ca9f71020fe6 3 $fill in the blank 872ca9f71020fe6 4 $fill in the blank 872ca9f71020fe6 5 Model B fill in the blank 872ca9f71020fe6 6 fill in the blank 872ca9f71020fe6 7 fill in the blank 872ca9f71020fe6 8 fill in the blank 872ca9f71020fe6 9 fill in the blank 872ca9f71020fe6 10 Model C fill in the blank 872ca9f71020fe6 11 fill in the blank 872ca9f71020fe6 12 fill in the blank 872ca9f71020fe6 13 fill in the blank 872ca9f71020fe6 14 fill in the blank 872ca9f71020fe6 15 Model D fill in the blank 872ca9f71020fe6 16 fill in the blank 872ca9f71020fe6 17 fill in the blank 872ca9f71020fe6 18 fill in the blank 872ca9f71020fe6 19 fill in the blank 872ca9f71020fe6 20 Model E fill in the blank 872ca9f71020fe6 21 fill in the blank 872ca9f71020fe6 22 fill in the blank 872ca9f71020fe6 23 fill in the blank 872ca9f71020fe6 24 fill in the blank 872ca9f71020fe6 25 Total $fill in the blank 872ca9f71020fe6 26 $fill in the blank 872ca9f71020fe6 27 $fill in the blank 872ca9f71020fe6 28

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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

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	24	$61	$86
Model B	47	88	90
Model C	27	295	297
Class 2:
Model D	27	240	253
Model E	27	278	302

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
Product	Inventory Quantity	Cost per Unit	Market Value per Unit (Net Realizable Value)	Cost	Market	Lower of Cost or Market
Model A	fill in the blank 9d8f2dfaa066fc2_1	$fill in the blank 9d8f2dfaa066fc2_2	$fill in the blank 9d8f2dfaa066fc2_3	$fill in the blank 9d8f2dfaa066fc2_4	$fill in the blank 9d8f2dfaa066fc2_5	$fill in the blank 9d8f2dfaa066fc2_6
Model B	fill in the blank 9d8f2dfaa066fc2_7	fill in the blank 9d8f2dfaa066fc2_8	fill in the blank 9d8f2dfaa066fc2_9	fill in the blank 9d8f2dfaa066fc2_10	fill in the blank 9d8f2dfaa066fc2_11	fill in the blank 9d8f2dfaa066fc2_12
Model C	fill in the blank 9d8f2dfaa066fc2_13	fill in the blank 9d8f2dfaa066fc2_14	fill in the blank 9d8f2dfaa066fc2_15	fill in the blank 9d8f2dfaa066fc2_16	fill in the blank 9d8f2dfaa066fc2_17	fill in the blank 9d8f2dfaa066fc2_18
Model D	fill in the blank 9d8f2dfaa066fc2_19	fill in the blank 9d8f2dfaa066fc2_20	fill in the blank 9d8f2dfaa066fc2_21	fill in the blank 9d8f2dfaa066fc2_22	fill in the blank 9d8f2dfaa066fc2_23	fill in the blank 9d8f2dfaa066fc2_24
Model E	fill in the blank 9d8f2dfaa066fc2_25	fill in the blank 9d8f2dfaa066fc2_26	fill in the blank 9d8f2dfaa066fc2_27	fill in the blank 9d8f2dfaa066fc2_28	fill in the blank 9d8f2dfaa066fc2_29	fill in the blank 9d8f2dfaa066fc2_30
Total				$fill in the blank 9d8f2dfaa066fc2_31	$fill in the blank 9d8f2dfaa066fc2_32	$fill in the blank 9d8f2dfaa066fc2_33

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
Product	Inventory Quantity	Cost per Unit	Market Value per Unit (Net Realizable Value)	Cost	Market	Lower of Cost or Market
Class 1:
Model A	fill in the blank 2a9e30ff7044068_1	$fill in the blank 2a9e30ff7044068_2	$fill in the blank 2a9e30ff7044068_3	$fill in the blank 2a9e30ff7044068_4	$fill in the blank 2a9e30ff7044068_5
Model B	fill in the blank 2a9e30ff7044068_6	fill in the blank 2a9e30ff7044068_7	fill in the blank 2a9e30ff7044068_8	fill in the blank 2a9e30ff7044068_9	fill in the blank 2a9e30ff7044068_10
Model C	fill in the blank 2a9e30ff7044068_11	fill in the blank 2a9e30ff7044068_12	fill in the blank 2a9e30ff7044068_13	fill in the blank 2a9e30ff7044068_14	fill in the blank 2a9e30ff7044068_15
Subtotal				$fill in the blank 2a9e30ff7044068_16	$fill in the blank 2a9e30ff7044068_17	$fill in the blank 2a9e30ff7044068_18
Class 2:
Model D	fill in the blank 2a9e30ff7044068_19	fill in the blank 2a9e30ff7044068_20	fill in the blank 2a9e30ff7044068_21	$fill in the blank 2a9e30ff7044068_22	$fill in the blank 2a9e30ff7044068_23
Model E	fill in the blank 2a9e30ff7044068_24	fill in the blank 2a9e30ff7044068_25	fill in the blank 2a9e30ff7044068_26	fill in the blank 2a9e30ff7044068_27	fill in the blank 2a9e30ff7044068_28
Subtotal				$fill in the blank 2a9e30ff7044068_29	$fill in the blank 2a9e30ff7044068_30	fill in the blank 2a9e30ff7044068_31
Total				$fill in the blank 2a9e30ff7044068_32	$fill in the blank 2a9e30ff7044068_33	$fill in the blank 2a9e30ff7044068_34

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
Product	Inventory Quantity	Cost per Unit	Market Value per Unit (Net Realizable Value)	Cost	Market	Lower of Cost or Market
Model A	fill in the blank 872ca9f71020fe6_1	$fill in the blank 872ca9f71020fe6_2	$fill in the blank 872ca9f71020fe6_3	$fill in the blank 872ca9f71020fe6_4	$fill in the blank 872ca9f71020fe6_5
Model B	fill in the blank 872ca9f71020fe6_6	fill in the blank 872ca9f71020fe6_7	fill in the blank 872ca9f71020fe6_8	fill in the blank 872ca9f71020fe6_9	fill in the blank 872ca9f71020fe6_10
Model C	fill in the blank 872ca9f71020fe6_11	fill in the blank 872ca9f71020fe6_12	fill in the blank 872ca9f71020fe6_13	fill in the blank 872ca9f71020fe6_14	fill in the blank 872ca9f71020fe6_15
Model D	fill in the blank 872ca9f71020fe6_16	fill in the blank 872ca9f71020fe6_17	fill in the blank 872ca9f71020fe6_18	fill in the blank 872ca9f71020fe6_19	fill in the blank 872ca9f71020fe6_20
Model E	fill in the blank 872ca9f71020fe6_21	fill in the blank 872ca9f71020fe6_22	fill in the blank 872ca9f71020fe6_23	fill in the blank 872ca9f71020fe6_24	fill in the blank 872ca9f71020fe6_25
Total				$fill in the blank 872ca9f71020fe6_26	$fill in the blank 872ca9f71020fe6_27	$fill in the blank 872ca9f71020fe6_28