on the basis of the following data determine the value of the inventory at the lower of the market. Apply lower of the cost or market to each inventory item. Item Inventory Quantity un/cost unit/market Total cost T-Market T-Lower of c or m Prod C 420 $6 $5 ______ _______ __________ Prod D 370 12 14 _______ ________ ________ Total ________ _________ __________