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	8	$53	$64
   Model B	30	158	141
   Model C	50	271	286
   Model D	31	284	303
   Model E	9	160	179

   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	$	$	$