1. On the basis of the following data:

   Commodity	Inventory Quantity	Unit Cost Price	Unit Market Price
   AL65	37	$290	$289
   CA22	18	245	265
   LA98	35	155	172
   SC16	31	181	205
   UT28	34	282	283

   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
   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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