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 23 $259 $277 Model B 21 218 211 Model C 41 235 224 Class 2 Model D 30 70 87 Model E 34 41 62 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 5a04740dbfc5020 1 $fill in the blank 5a04740dbfc5020 2 $fill in the blank 5a04740dbfc5020 3 $fill in the blank 5a04740dbfc5020 4 $fill in the blank 5a04740dbfc5020 5 $fill in the blank 5a04740dbfc5020 6 Model B fill in the blank 5a04740dbfc5020 7 fill in the blank 5a04740dbfc5020 8 fill in the blank 5a04740dbfc5020 9 fill in the blank 5a04740dbfc5020 10 fill in the blank 5a04740dbfc5020 11 fill in the blank 5a04740dbfc5020 12 Model C fill in the blank 5a04740dbfc5020 13 fill in the blank 5a04740dbfc5020 14 fill in the blank 5a04740dbfc5020 15 fill in the blank 5a04740dbfc5020 16 fill in the blank 5a04740dbfc5020 17 fill in the blank 5a04740dbfc5020 18 Model D fill in the blank 5a04740dbfc5020 19 fill in the blank 5a04740dbfc5020 20 fill in the blank 5a04740dbfc5020 21 fill in the blank 5a04740dbfc5020 22 fill in the blank 5a04740dbfc5020 23 fill in the blank 5a04740dbfc5020 24 Model E fill in the blank 5a04740dbfc5020 25 fill in the blank 5a04740dbfc5020 26 fill in the blank 5a04740dbfc5020 27 fill in the blank 5a04740dbfc5020 28 fill in the blank 5a04740dbfc5020 29 fill in the blank 5a04740dbfc5020 30 Total $fill in the blank 5a04740dbfc5020 31 $fill in the blank 5a04740dbfc5020 32 $fill in the blank 5a04740dbfc5020 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 12e81100505b052 1 $fill in the blank 12e81100505b052 2 $fill in the blank 12e81100505b052 3 $fill in the blank 12e81100505b052 4 $fill in the blank 12e81100505b052 5 Model B fill in the blank 12e81100505b052 6 fill in the blank 12e81100505b052 7 fill in the blank 12e81100505b052 8 fill in the blank 12e81100505b052 9 fill in the blank 12e81100505b052 10 Model C fill in the blank 12e81100505b052 11 fill in the blank 12e81100505b052 12 fill in the blank 12e81100505b052 13 fill in the blank 12e81100505b052 14 fill in the blank 12e81100505b052 15 Subtotal $fill in the blank 12e81100505b052 16 $fill in the blank 12e81100505b052 17 $fill in the blank 12e81100505b052 18 Class 2 Model D fill in the blank 12e81100505b052 19 fill in the blank 12e81100505b052 20 fill in the blank 12e81100505b052 21 $fill in the blank 12e81100505b052 22 $fill in the blank 12e81100505b052 23 Model E fill in the blank 12e81100505b052 24 fill in the blank 12e81100505b052 25 fill in the blank 12e81100505b052 26 fill in the blank 12e81100505b052 27 fill in the blank 12e81100505b052 28 Subtotal $fill in the blank 12e81100505b052 29 $fill in the blank 12e81100505b052 30 fill in the blank 12e81100505b052 31 Total $fill in the blank 12e81100505b052 32 $fill in the blank 12e81100505b052 33 $fill in the blank 12e81100505b052 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 4c6d7c09a079f97 1 $fill in the blank 4c6d7c09a079f97 2 $fill in the blank 4c6d7c09a079f97 3 $fill in the blank 4c6d7c09a079f97 4 $fill in the blank 4c6d7c09a079f97 5 Model B fill in the blank 4c6d7c09a079f97 6 fill in the blank 4c6d7c09a079f97 7 fill in the blank 4c6d7c09a079f97 8 fill in the blank 4c6d7c09a079f97 9 fill in the blank 4c6d7c09a079f97 10 Model C fill in the blank 4c6d7c09a079f97 11 fill in the blank 4c6d7c09a079f97 12 fill in the blank 4c6d7c09a079f97 13 fill in the blank 4c6d7c09a079f97 14 fill in the blank 4c6d7c09a079f97 15 Model D fill in the blank 4c6d7c09a079f97 16 fill in the blank 4c6d7c09a079f97 17 fill in the blank 4c6d7c09a079f97 18 fill in the blank 4c6d7c09a079f97 19 fill in the blank 4c6d7c09a079f97 20 Model E fill in the blank 4c6d7c09a079f97 21 fill in the blank 4c6d7c09a079f97 22 fill in the blank 4c6d7c09a079f97 23 fill in the blank 4c6d7c09a079f97 24 fill in the blank 4c6d7c09a079f97 25 Total $fill in the blank 4c6d7c09a079f97 26 $fill in the blank 4c6d7c09a079f97 27 $fill in the blank 4c6d7c09a079f97 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	23	$259	$277
Model B	21	218	211
Model C	41	235	224
Class 2:
Model D	30	70	87
Model E	34	41	62

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 5a04740dbfc5020_1	$fill in the blank 5a04740dbfc5020_2	$fill in the blank 5a04740dbfc5020_3	$fill in the blank 5a04740dbfc5020_4	$fill in the blank 5a04740dbfc5020_5	$fill in the blank 5a04740dbfc5020_6
Model B	fill in the blank 5a04740dbfc5020_7	fill in the blank 5a04740dbfc5020_8	fill in the blank 5a04740dbfc5020_9	fill in the blank 5a04740dbfc5020_10	fill in the blank 5a04740dbfc5020_11	fill in the blank 5a04740dbfc5020_12
Model C	fill in the blank 5a04740dbfc5020_13	fill in the blank 5a04740dbfc5020_14	fill in the blank 5a04740dbfc5020_15	fill in the blank 5a04740dbfc5020_16	fill in the blank 5a04740dbfc5020_17	fill in the blank 5a04740dbfc5020_18
Model D	fill in the blank 5a04740dbfc5020_19	fill in the blank 5a04740dbfc5020_20	fill in the blank 5a04740dbfc5020_21	fill in the blank 5a04740dbfc5020_22	fill in the blank 5a04740dbfc5020_23	fill in the blank 5a04740dbfc5020_24
Model E	fill in the blank 5a04740dbfc5020_25	fill in the blank 5a04740dbfc5020_26	fill in the blank 5a04740dbfc5020_27	fill in the blank 5a04740dbfc5020_28	fill in the blank 5a04740dbfc5020_29	fill in the blank 5a04740dbfc5020_30
Total				$fill in the blank 5a04740dbfc5020_31	$fill in the blank 5a04740dbfc5020_32	$fill in the blank 5a04740dbfc5020_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 12e81100505b052_1	$fill in the blank 12e81100505b052_2	$fill in the blank 12e81100505b052_3	$fill in the blank 12e81100505b052_4	$fill in the blank 12e81100505b052_5
Model B	fill in the blank 12e81100505b052_6	fill in the blank 12e81100505b052_7	fill in the blank 12e81100505b052_8	fill in the blank 12e81100505b052_9	fill in the blank 12e81100505b052_10
Model C	fill in the blank 12e81100505b052_11	fill in the blank 12e81100505b052_12	fill in the blank 12e81100505b052_13	fill in the blank 12e81100505b052_14	fill in the blank 12e81100505b052_15
Subtotal				$fill in the blank 12e81100505b052_16	$fill in the blank 12e81100505b052_17	$fill in the blank 12e81100505b052_18
Class 2:
Model D	fill in the blank 12e81100505b052_19	fill in the blank 12e81100505b052_20	fill in the blank 12e81100505b052_21	$fill in the blank 12e81100505b052_22	$fill in the blank 12e81100505b052_23
Model E	fill in the blank 12e81100505b052_24	fill in the blank 12e81100505b052_25	fill in the blank 12e81100505b052_26	fill in the blank 12e81100505b052_27	fill in the blank 12e81100505b052_28
Subtotal				$fill in the blank 12e81100505b052_29	$fill in the blank 12e81100505b052_30	fill in the blank 12e81100505b052_31
Total				$fill in the blank 12e81100505b052_32	$fill in the blank 12e81100505b052_33	$fill in the blank 12e81100505b052_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 4c6d7c09a079f97_1	$fill in the blank 4c6d7c09a079f97_2	$fill in the blank 4c6d7c09a079f97_3	$fill in the blank 4c6d7c09a079f97_4	$fill in the blank 4c6d7c09a079f97_5
Model B	fill in the blank 4c6d7c09a079f97_6	fill in the blank 4c6d7c09a079f97_7	fill in the blank 4c6d7c09a079f97_8	fill in the blank 4c6d7c09a079f97_9	fill in the blank 4c6d7c09a079f97_10
Model C	fill in the blank 4c6d7c09a079f97_11	fill in the blank 4c6d7c09a079f97_12	fill in the blank 4c6d7c09a079f97_13	fill in the blank 4c6d7c09a079f97_14	fill in the blank 4c6d7c09a079f97_15
Model D	fill in the blank 4c6d7c09a079f97_16	fill in the blank 4c6d7c09a079f97_17	fill in the blank 4c6d7c09a079f97_18	fill in the blank 4c6d7c09a079f97_19	fill in the blank 4c6d7c09a079f97_20
Model E	fill in the blank 4c6d7c09a079f97_21	fill in the blank 4c6d7c09a079f97_22	fill in the blank 4c6d7c09a079f97_23	fill in the blank 4c6d7c09a079f97_24	fill in the blank 4c6d7c09a079f97_25
Total				$fill in the blank 4c6d7c09a079f97_26	$fill in the blank 4c6d7c09a079f97_27	$fill in the blank 4c6d7c09a079f97_28