On the basis of the following data, determine the value of the inventory at the lower ofcost or market. Apply lower of cost or market to each inventory item as shown in Exhibit below.

Item	InventoryQuantity	UnitCost Price ($)	UnitMarket Price($)
MT22	1,149	93	83
4WY09	14,590	38	45
1GDS	8,114	185	167