Lower-of-Cost-or-Market Method On the basis of the data shown below: Item JFW1 SAW9 Inventory Quantity 5,750 Cost per Unit $9 Market Value per Unit (Net Realizable Value) 27 $10 1,040 Determine the value of the inventory at the lower of cost or market. Apply lower of cost or market to each inventory item, as shown in Exhibit 9. 82,460 24

Lower-of-Cost-or-Market Method On the basis of the data shown below: Inventory Item Quantity Cost per Unit Market Value per Unit (Net Realizable Value) JFW1 5,750 $9 $10 SAW9 1,040 27 24 Determine the value of the inventory at the lower of cost or market. Apply lower of cost or market to each inventory item, as shown in Exhibit 9. 82,460