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On the basis of the following data: Commodity Inventory Quantity Unit Cost Price Unit Market Price AL65 27 $99 $105 CA22 32 228 240 LA98

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On the basis of the following data: Commodity Inventory Quantity Unit Cost Price Unit Market Price AL65 27 $99 $105 CA22 32 228 240 LA98 29 180 191 SC16 37 49 35 UT28 32 169 184 Determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 10. Inventory at the Lower of Cost or Market Total Market Commodity Total Cost AL65 Total Lower of C or M CA22 LA98 SC16 UT28 Total

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