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. Inventory Quantity Cost Per Unit Product Market Value per Unit (Net Realizable Value) Class 1 : Model A 49 $183 $159 Model B 18 218 240 Model C 34 164 146 Class 2: Model D 18 Do 60 82 Model E 20 80 94 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 per Unit (Net Realizable Value) Cost Inventory Quantity Market Lower of Cost or Market Dendurt 94 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 Inventory Quantity Market Value Cost per Unit per Unit (Net Realizable Value) Cost Market Lower of Cost or Market Product Model A Model B Model Model D Model E Total 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 Check Calculator Inventory at the Lower of Cost or Market Cost Inventory Quantity per Unit Market Value per Unit (Net Realizable Value) Cost Market Lower of Cost or Market Product Class 1 : Model A Model B Model Subtotal Class 2: Model D Model E Subtotal Total c. Determine the value of the Inventory at the lower of cost or market app led to total inventory. Check My Work Previous Next ORI - a 12:20 AM Ida lass 2 Model D Model E Subtotal 98 Total 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