Lowro-cost or Market Inventory On the basis of the following dista, antermine the value or the inventory at the lower of cont or market Total Product Inventory Quantity Cost per Unit Market Value per Unit (Not Realable Value) 5125 Cost Market LCM 100 Adams Coolidge 325 112 230 59 Garfield 000 120 11 Uncoln 145 Total Inventory on the Balance Sheet On the basis of the following data, determine the value of the inventory at the lower of cost or market. Refer to Exhibit 9 for guidance. Inventory Unit Product Market Value per Unit Quantity Cost per Unit (Net Realizable Value) Adams 100 $140 $125 Coolidge 375 90 112 McKinley 220 60 59 Garfield 900 120 115 Lincoln 626 140 145 Assuming that the cost was determined by the FIFO method, show how Inventory would appear on the balance sheet. Inventory at lower of cost (FIFO) or market Feedback Check My Wor Remember that the LCM cost determined in Exercise 6-18 appears in the Current Assets section of the balance sheet