Lower-of-Cost-or-Market Method

On the basis of the data shown below:

ItemInventory

QuantityCost per

UnitMarket Value per Unit

(Net Realizable Value)CK3J68 $23 $21 O5T4 144 11 16

Determine the value of the inventory at the lower of cost or market by applying lower of cost or market to each inventory item, as shown inExhibit 9.

$