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 iustrated in Exhibit 10 Product Inventory Quantity Cost Per Unit Market Value per Unit (Net Realizable Value) Class 1 Model A 15 595 Model 26 229 5111 227 271 Model 47 252 Class 2 Model 31 6: 76 Model E 8 222 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 Inventory Cost per Unit Cost Market Quantity per Unit (Net Realizable Value) Lower of Cost or Market Product Model A Inventory at the Lower of Cost or Market Market Value Cost per Unit Cost Market per Unit (Net Realizable Value) Inventory Quantity Lower of Cost or Market Product Model A Model B Model 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 Inventory at the Lower of Cost or Market Cost per Unit Market Value per Unit (Net Realizable Value) Inventory Quantity Cost Market Lower of Cost or Market Product Class 1: Model A Model B Model Subtotal Class 2: Model D 8 88 WIJ DOO Model E boot Subtotal Total c. Determine the value of the inventory at the lower of cost or market applied to total inventory. 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 Inventory Cost per Unit Cost Market Quantity per Unit (Net Realizable Value) Lower of Cost or Market Product Model A Model B Model Model D Model E o Total