On the basis of the following data, determine the value of the inventory at the lower of cost or market. Apply lower of cost or market to each inventory item. Inventory Cost per Market value per Total Cost Total Market Item Quantity Unit Unit con A 300 $15.00 $14.50 ents $4,500 $4,350 B 200 14.00 15.00 2,800 3,000 100 17.00 17.50 1.700 1,750 vigate