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 19 $236 $243 Model B 39 63 64 Model C 28 84 96 Class 2 Model D 40 48 54 Model E 26 221 197 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 c600deff8001064 1 $fill in the blank c600deff8001064 2 $fill in the blank c600deff8001064 3 $fill in the blank c600deff8001064 4 $fill in the blank c600deff8001064 5 $fill in the blank c600deff8001064 6 Model B fill in the blank c600deff8001064 7 fill in the blank c600deff8001064 8 fill in the blank c600deff8001064 9 fill in the blank c600deff8001064 10 fill in the blank c600deff8001064 11 fill in the blank c600deff8001064 12 Model C fill in the blank c600deff8001064 13 fill in the blank c600deff8001064 14 fill in the blank c600deff8001064 15 fill in the blank c600deff8001064 16 fill in the blank c600deff8001064 17 fill in the blank c600deff8001064 18 Model D fill in the blank c600deff8001064 19 fill in the blank c600deff8001064 20 fill in the blank c600deff8001064 21 fill in the blank c600deff8001064 22 fill in the blank c600deff8001064 23 fill in the blank c600deff8001064 24 Model E fill in the blank c600deff8001064 25 fill in the blank c600deff8001064 26 fill in the blank c600deff8001064 27 fill in the blank c600deff8001064 28 fill in the blank c600deff8001064 29 fill in the blank c600deff8001064 30 Total $fill in the blank c600deff8001064 31 $fill in the blank c600deff8001064 32 $fill in the blank c600deff8001064 33 Question Content Area 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 Product Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) Cost Market Lower of Cost or Market Class 1 Model A fill in the blank a87a57fbcff9fd1 1 $fill in the blank a87a57fbcff9fd1 2 $fill in the blank a87a57fbcff9fd1 3 $fill in the blank a87a57fbcff9fd1 4 $fill in the blank a87a57fbcff9fd1 5 Model B fill in the blank a87a57fbcff9fd1 6 fill in the blank a87a57fbcff9fd1 7 fill in the blank a87a57fbcff9fd1 8 fill in the blank a87a57fbcff9fd1 9 fill in the blank a87a57fbcff9fd1 10 Model C fill in the blank a87a57fbcff9fd1 11 fill in the blank a87a57fbcff9fd1 12 fill in the blank a87a57fbcff9fd1 13 fill in the blank a87a57fbcff9fd1 14 fill in the blank a87a57fbcff9fd1 15 Subtotal $fill in the blank a87a57fbcff9fd1 16 $fill in the blank a87a57fbcff9fd1 17 $fill in the blank a87a57fbcff9fd1 18 Class 2 Model D fill in the blank a87a57fbcff9fd1 19 fill in the blank a87a57fbcff9fd1 20 fill in the blank a87a57fbcff9fd1 21 $fill in the blank a87a57fbcff9fd1 22 $fill in the blank a87a57fbcff9fd1 23 Model E fill in the blank a87a57fbcff9fd1 24 fill in the blank a87a57fbcff9fd1 25 fill in the blank a87a57fbcff9fd1 26 fill in the blank a87a57fbcff9fd1 27 fill in the blank a87a57fbcff9fd1 28 Subtotal $fill in the blank a87a57fbcff9fd1 29 $fill in the blank a87a57fbcff9fd1 30 fill in the blank a87a57fbcff9fd1 31 Total $fill in the blank a87a57fbcff9fd1 32 $fill in the blank a87a57fbcff9fd1 33 $fill in the blank a87a57fbcff9fd1 34 Question Content Area 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 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 984d22ff1fecfc1 1 $fill in the blank 984d22ff1fecfc1 2 $fill in the blank 984d22ff1fecfc1 3 $fill in the blank 984d22ff1fecfc1 4 $fill in the blank 984d22ff1fecfc1 5 Model B fill in the blank 984d22ff1fecfc1 6 fill in the blank 984d22ff1fecfc1 7 fill in the blank 984d22ff1fecfc1 8 fill in the blank 984d22ff1fecfc1 9 fill in the blank 984d22ff1fecfc1 10 Model C fill in the blank 984d22ff1fecfc1 11 fill in the blank 984d22ff1fecfc1 12 fill in the blank 984d22ff1fecfc1 13 fill in the blank 984d22ff1fecfc1 14 fill in the blank 984d22ff1fecfc1 15 Model D fill in the blank 984d22ff1fecfc1 16 fill in the blank 984d22ff1fecfc1 17 fill in the blank 984d22ff1fecfc1 18 fill in the blank 984d22ff1fecfc1 19 fill in the blank 984d22ff1fecfc1 20 Model E fill in the blank 984d22ff1fecfc1 21 fill in the blank 984d22ff1fecfc1 22 fill in the blank 984d22ff1fecfc1 23 fill in the blank 984d22ff1fecfc1 24 fill in the blank 984d22ff1fecfc1 25 Total $fill in the blank 984d22ff1fecfc1 26 $fill in the blank 984d22ff1fecfc1 27 $fill in the blank 984d22ff1fecfc1 28

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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	19	$236	$243
Model B	39	63	64
Model C	28	84	96
Class 2:
Model D	40	48	54
Model E	26	221	197

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 c600deff8001064_1	$fill in the blank c600deff8001064_2	$fill in the blank c600deff8001064_3	$fill in the blank c600deff8001064_4	$fill in the blank c600deff8001064_5	$fill in the blank c600deff8001064_6
Model B	fill in the blank c600deff8001064_7	fill in the blank c600deff8001064_8	fill in the blank c600deff8001064_9	fill in the blank c600deff8001064_10	fill in the blank c600deff8001064_11	fill in the blank c600deff8001064_12
Model C	fill in the blank c600deff8001064_13	fill in the blank c600deff8001064_14	fill in the blank c600deff8001064_15	fill in the blank c600deff8001064_16	fill in the blank c600deff8001064_17	fill in the blank c600deff8001064_18
Model D	fill in the blank c600deff8001064_19	fill in the blank c600deff8001064_20	fill in the blank c600deff8001064_21	fill in the blank c600deff8001064_22	fill in the blank c600deff8001064_23	fill in the blank c600deff8001064_24
Model E	fill in the blank c600deff8001064_25	fill in the blank c600deff8001064_26	fill in the blank c600deff8001064_27	fill in the blank c600deff8001064_28	fill in the blank c600deff8001064_29	fill in the blank c600deff8001064_30
Total				$fill in the blank c600deff8001064_31	$fill in the blank c600deff8001064_32	$fill in the blank c600deff8001064_33

Question Content Area

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
Product	Inventory Quantity	Cost per Unit	Market Value per Unit (Net Realizable Value)	Cost	Market	Lower of Cost or Market
Class 1:
Model A	fill in the blank a87a57fbcff9fd1_1	$fill in the blank a87a57fbcff9fd1_2	$fill in the blank a87a57fbcff9fd1_3	$fill in the blank a87a57fbcff9fd1_4	$fill in the blank a87a57fbcff9fd1_5
Model B	fill in the blank a87a57fbcff9fd1_6	fill in the blank a87a57fbcff9fd1_7	fill in the blank a87a57fbcff9fd1_8	fill in the blank a87a57fbcff9fd1_9	fill in the blank a87a57fbcff9fd1_10
Model C	fill in the blank a87a57fbcff9fd1_11	fill in the blank a87a57fbcff9fd1_12	fill in the blank a87a57fbcff9fd1_13	fill in the blank a87a57fbcff9fd1_14	fill in the blank a87a57fbcff9fd1_15
Subtotal				$fill in the blank a87a57fbcff9fd1_16	$fill in the blank a87a57fbcff9fd1_17	$fill in the blank a87a57fbcff9fd1_18
Class 2:
Model D	fill in the blank a87a57fbcff9fd1_19	fill in the blank a87a57fbcff9fd1_20	fill in the blank a87a57fbcff9fd1_21	$fill in the blank a87a57fbcff9fd1_22	$fill in the blank a87a57fbcff9fd1_23
Model E	fill in the blank a87a57fbcff9fd1_24	fill in the blank a87a57fbcff9fd1_25	fill in the blank a87a57fbcff9fd1_26	fill in the blank a87a57fbcff9fd1_27	fill in the blank a87a57fbcff9fd1_28
Subtotal				$fill in the blank a87a57fbcff9fd1_29	$fill in the blank a87a57fbcff9fd1_30	fill in the blank a87a57fbcff9fd1_31
Total				$fill in the blank a87a57fbcff9fd1_32	$fill in the blank a87a57fbcff9fd1_33	$fill in the blank a87a57fbcff9fd1_34

Question Content Area

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
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 984d22ff1fecfc1_1	$fill in the blank 984d22ff1fecfc1_2	$fill in the blank 984d22ff1fecfc1_3	$fill in the blank 984d22ff1fecfc1_4	$fill in the blank 984d22ff1fecfc1_5
Model B	fill in the blank 984d22ff1fecfc1_6	fill in the blank 984d22ff1fecfc1_7	fill in the blank 984d22ff1fecfc1_8	fill in the blank 984d22ff1fecfc1_9	fill in the blank 984d22ff1fecfc1_10
Model C	fill in the blank 984d22ff1fecfc1_11	fill in the blank 984d22ff1fecfc1_12	fill in the blank 984d22ff1fecfc1_13	fill in the blank 984d22ff1fecfc1_14	fill in the blank 984d22ff1fecfc1_15
Model D	fill in the blank 984d22ff1fecfc1_16	fill in the blank 984d22ff1fecfc1_17	fill in the blank 984d22ff1fecfc1_18	fill in the blank 984d22ff1fecfc1_19	fill in the blank 984d22ff1fecfc1_20
Model E	fill in the blank 984d22ff1fecfc1_21	fill in the blank 984d22ff1fecfc1_22	fill in the blank 984d22ff1fecfc1_23	fill in the blank 984d22ff1fecfc1_24	fill in the blank 984d22ff1fecfc1_25
Total				$fill in the blank 984d22ff1fecfc1_26	$fill in the blank 984d22ff1fecfc1_27	$fill in the blank 984d22ff1fecfc1_28