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On the basis of the following data, determine the value of the inventory at the lower of cost or market. Assemble the data in the
On the basis of the following data, determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 10. Product Inventory Quantity Cost Per Unit Market Value per Unit (Net Realizable Value) Class 1: Model A 300 $140 $125 Model B 500 90 112 Model C 150 60 59 Class 2: Model D 800 120 115 Model E 400 140 145 Question Content Area a. Determine the value of the inventory at the lower of cost or market applied to each item in the inventory. Inventory at the Lower of Cost or Market Product Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) Cost Market Lower of Cost or Market Model A fill in the blank f95b2ffff00e071_1 $fill in the blank f95b2ffff00e071_2 $fill in the blank f95b2ffff00e071_3 $fill in the blank f95b2ffff00e071_4 $fill in the blank f95b2ffff00e071_5 $fill in the blank f95b2ffff00e071_6 Model B fill in the blank f95b2ffff00e071_7 fill in the blank f95b2ffff00e071_8 fill in the blank f95b2ffff00e071_9 fill in the blank f95b2ffff00e071_10 fill in the blank f95b2ffff00e071_11 fill in the blank f95b2ffff00e071_12 Model C fill in the blank f95b2ffff00e071_13 fill in the blank f95b2ffff00e071_14 fill in the blank f95b2ffff00e071_15 fill in the blank f95b2ffff00e071_16 fill in the blank f95b2ffff00e071_17 fill in the blank f95b2ffff00e071_18 Model D fill in the blank f95b2ffff00e071_19 fill in the blank f95b2ffff00e071_20 fill in the blank f95b2ffff00e071_21 fill in the blank f95b2ffff00e071_22 fill in the blank f95b2ffff00e071_23 fill in the blank f95b2ffff00e071_24 Model E fill in the blank f95b2ffff00e071_25 fill in the blank f95b2ffff00e071_26 fill in the blank f95b2ffff00e071_27 fill in the blank f95b2ffff00e071_28 fill in the blank f95b2ffff00e071_29 fill in the blank f95b2ffff00e071_30 Total blank blank blank $fill in the blank f95b2ffff00e071_31 $fill in the blank f95b2ffff00e071_32 $fill in the blank f95b2ffff00e071_33
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