ngNW2 Online trach x Assignment/takeAssignmentMandolinertakesignmentSession locatori progresstale eBook Calculator 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 Bibit for guidance Product Inventory 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 676 140 145 Assuming that the cost was determined by the FIFO method, show how Tventory would appear on the balance sheet Inventory, at lower of cost (FIFO) or market Remember that the LCM cost determined in Exercise 6-18 appears in the Current Assets section of the balance sheet Check My Work 10/10 6 5 7 8 O P 20 Y ngNW2 Online trach x Assignment/takeAssignmentMandolinertakesignmentSession locatori progresstale eBook Calculator 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 Bibit for guidance Product Inventory 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 676 140 145 Assuming that the cost was determined by the FIFO method, show how Tventory would appear on the balance sheet Inventory, at lower of cost (FIFO) or market Remember that the LCM cost determined in Exercise 6-18 appears in the Current Assets section of the balance sheet Check My Work 10/10 6 5 7 8 O P 20 Y