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Lower-of-cost-or-market method On the basis of the following data, determine the value of the inventory at the lower-of-cost-or-market by applying lower-of-cost-or-market to each inventory item,

Lower-of-cost-or-market method

On the basis of the following data, 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 in Exhibit 10.

Commodity Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value)
JFW1 68 $36 $39
SAW9 141 18 13

fill in the blank 1$_________

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