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	26	$295	$271
Model B	15	121	97
Model C	45	46	61
Class 2:
Model D	29	78	73
Model E	34	174	166

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 333f6a014067068_1	$fill in the blank 333f6a014067068_2	$fill in the blank 333f6a014067068_3	$fill in the blank 333f6a014067068_4	$fill in the blank 333f6a014067068_5	$fill in the blank 333f6a014067068_6
Model B	fill in the blank 333f6a014067068_7	fill in the blank 333f6a014067068_8	fill in the blank 333f6a014067068_9	fill in the blank 333f6a014067068_10	fill in the blank 333f6a014067068_11	fill in the blank 333f6a014067068_12
Model C	fill in the blank 333f6a014067068_13	fill in the blank 333f6a014067068_14	fill in the blank 333f6a014067068_15	fill in the blank 333f6a014067068_16	fill in the blank 333f6a014067068_17	fill in the blank 333f6a014067068_18
Model D	fill in the blank 333f6a014067068_19	fill in the blank 333f6a014067068_20	fill in the blank 333f6a014067068_21	fill in the blank 333f6a014067068_22	fill in the blank 333f6a014067068_23	fill in the blank 333f6a014067068_24
Model E	fill in the blank 333f6a014067068_25	fill in the blank 333f6a014067068_26	fill in the blank 333f6a014067068_27	fill in the blank 333f6a014067068_28	fill in the blank 333f6a014067068_29	fill in the blank 333f6a014067068_30
Total				$fill in the blank 333f6a014067068_31	$fill in the blank 333f6a014067068_32	$fill in the blank 333f6a014067068_33

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 17b7d5004063fd6_1	$fill in the blank 17b7d5004063fd6_2	$fill in the blank 17b7d5004063fd6_3	$fill in the blank 17b7d5004063fd6_4	$fill in the blank 17b7d5004063fd6_5
Model B	fill in the blank 17b7d5004063fd6_6	fill in the blank 17b7d5004063fd6_7	fill in the blank 17b7d5004063fd6_8	fill in the blank 17b7d5004063fd6_9	fill in the blank 17b7d5004063fd6_10
Model C	fill in the blank 17b7d5004063fd6_11	fill in the blank 17b7d5004063fd6_12	fill in the blank 17b7d5004063fd6_13	fill in the blank 17b7d5004063fd6_14	fill in the blank 17b7d5004063fd6_15
Subtotal				$fill in the blank 17b7d5004063fd6_16	$fill in the blank 17b7d5004063fd6_17	$fill in the blank 17b7d5004063fd6_18
Class 2:
Model D	fill in the blank 17b7d5004063fd6_19	fill in the blank 17b7d5004063fd6_20	fill in the blank 17b7d5004063fd6_21	$fill in the blank 17b7d5004063fd6_22	$fill in the blank 17b7d5004063fd6_23
Model E	fill in the blank 17b7d5004063fd6_24	fill in the blank 17b7d5004063fd6_25	fill in the blank 17b7d5004063fd6_26	fill in the blank 17b7d5004063fd6_27	fill in the blank 17b7d5004063fd6_28
Subtotal				$fill in the blank 17b7d5004063fd6_29	$fill in the blank 17b7d5004063fd6_30	fill in the blank 17b7d5004063fd6_31
Total				$fill in the blank 17b7d5004063fd6_32	$fill in the blank 17b7d5004063fd6_33	$fill in the blank 17b7d5004063fd6_34

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 1602edfba07bf98_1	$fill in the blank 1602edfba07bf98_2	$fill in the blank 1602edfba07bf98_3	$fill in the blank 1602edfba07bf98_4	$fill in the blank 1602edfba07bf98_5
Model B	fill in the blank 1602edfba07bf98_6	fill in the blank 1602edfba07bf98_7	fill in the blank 1602edfba07bf98_8	fill in the blank 1602edfba07bf98_9	fill in the blank 1602edfba07bf98_10
Model C	fill in the blank 1602edfba07bf98_11	fill in the blank 1602edfba07bf98_12	fill in the blank 1602edfba07bf98_13	fill in the blank 1602edfba07bf98_14	fill in the blank 1602edfba07bf98_15
Model D	fill in the blank 1602edfba07bf98_16	fill in the blank 1602edfba07bf98_17	fill in the blank 1602edfba07bf98_18	fill in the blank 1602edfba07bf98_19	fill in the blank 1602edfba07bf98_20
Model E	fill in the blank 1602edfba07bf98_21	fill in the blank 1602edfba07bf98_22	fill in the blank 1602edfba07bf98_23	fill in the blank 1602edfba07bf98_24	fill in the blank 1602edfba07bf98_25
Total				$fill in the blank 1602edfba07bf98_26	$fill in the blank 1602edfba07bf98_27	$fill in the blank 1602edfba07bf98_28