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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. Total Market Value

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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. Total Market Value per Unit (Net Realizable Value) Product Adams Coolidge McKinley Garfield Lincoln Total Inventory Quantity Cost per Unit Cost Market LCM 14 16 26 46 $283 70 189 146 49 $260 87 212 163

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