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

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On the basis of the following data, determine the value of the inventory at the lower of cost or market. Allower of cost or market to each inventory Item Total Cost per Market value per Unit Inventory Quantity 300 Item Unit Cost Market LOM A $15.00 $14.50 $4,500 $4,350 B 200 14.00 15.00 2,000 3.000 100 17.00 17.50 1,700 1.750 Total

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