On the basis of the following data, determine the value of the inventory at the lower of cost or market.

Product	Inventory Quantity	Cost Per Unit	Market Value per Unit (Net Realizable Value)
Class 1:
Model A	9	$218	$194
Model B	22	285	286
Model C	35	254	256
Class 2:
Model D	43	147	156
Model E	30	262	241

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 Market Value Cost per Unit (Net Realizable Value) Inventory Quantity per Unit Cost Market Lower of Cost or Market Product Model A $ $ $ $ Model B Model C Model D Model E Total $ $ $ b. Determine the value of the inventory at the lower of cost or market applied to each class of inventory. Inventory at the Lower of Cost or Market Cost Cost Market Value per Unit (Net Realizable Value) Market Inventory Quantity Lower of Cost or Market per Unit Product Class 1: Model A $ $ $ $ Model B Model C Subtotal $ $ $ Class 2: Model D $ $ Model E Subtotal $ $ Total $ $ $ c. Determine the value of the inventory at the lower of cost or market applied to total inventory. Inventory at the Lower of Cost or Market Market Value Cost per Unit Cost Market per Unit (Net Realizable Value) Lower of Cost or Market Inventory Quantity Product Model A $ ta Model B Model C Model D Model E Total $ $ $