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 inExhibit 10.

Item	Inventory Quantity	Cost per Unit	Market Value per Unit (Net Realizable Value)
JFW1	106	$61	$65
SAW9	207	30	27

Exhibit 10 Determinina Inventorv at Lower of Cost or Market (LCM)