1. 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	48	$145	$158
   Model B	25	77	101
   Model C	14	272	290
   Model D	33	218	198
   Model E	9	174	158

   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	$	$	$

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