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	41	$182	$181
   Model B	23	174	172
   Model C	8	185	174
   Model D	28	143	162
   Model E	46	156	148

   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	$fill in the blank 1	$fill in the blank 2	$fill in the blank 3
   B	fill in the blank 4	fill in the blank 5	fill in the blank 6
   C	fill in the blank 7	fill in the blank 8	fill in the blank 9
   D	fill in the blank 10	fill in the blank 11	fill in the blank 12
   E	fill in the blank 13	fill in the blank 14	fill in the blank 15
   Total	$fill in the blank 16	$fill in the blank 17	$fill in the blank 18