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On the basis of the following data: Commodity Inventory Quantity Unit Cost Price Unit Market Price AL65 42 $137 $159 CA22 44 214 218 LA98

On the basis of the following data:

Commodity Inventory Quantity Unit Cost Price Unit Market Price
AL65 42 $137 $159
CA22 44 214 218
LA98 12 100 79
SC16 47 182 166
UT28 35 293 287

Determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 10.

Commodity Total Cost Total Market Total Lower of C or M
AL65 $fill in the blank 1 $fill in the blank 2 $fill in the blank 3
CA22 fill in the blank 4 fill in the blank 5 fill in the blank 6
LA98 fill in the blank 7 fill in the blank 8 fill in the blank 9
SC16 fill in the blank 10 fill in the blank 11 fill in the blank 12
UT28 fill in the blank 13 fill in the blank 14 fill in the blank 15
Total $fill in the blank 16 $fill in the blank 17 $fill in the blank 18

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