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.

Item	Inventory Quantity	Unit Cost Price	Unit Market Price
CK3J	152	$49	$46
TX24	289	24	26

$__________