Lower-of-Cost-or-Market Inventory

On the basis of the following data:

Product	Inventory Quantity	Cost per Unit	Market Value per Unit (Net Realizable Value)
Model A	46	$253	$272
Model B	46	213	230
Model C	27	149	165
Model D	33	269	246
Model E	50	223	231

Determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 9.

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	$	$	$