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	30	$147	$155
Model B	27	205	207
Model C	19	129	147
Class 2:
Model D	37	246	230
Model E	24	151	146

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 per Unit (Net Realizable Value) Cost Market Inventory Quantity 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 Market Value per Unit (Net Realizable Value) Cost 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 per Unit (Net Realizable Value) Cost Market Inventory Quantity Lower of Cost or Market Product Model A Model B Model C Model D Model E Total