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	41	$42	$43
Model B	48	93	97
Model C	32	80	104
Class 2:
Model D	48	114	96
Model E	18	164	157

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 5aca1ef0900ef9b_1	$fill in the blank 5aca1ef0900ef9b_2	$fill in the blank 5aca1ef0900ef9b_3	$fill in the blank 5aca1ef0900ef9b_4	$fill in the blank 5aca1ef0900ef9b_5	$fill in the blank 5aca1ef0900ef9b_6
Model B	fill in the blank 5aca1ef0900ef9b_7	fill in the blank 5aca1ef0900ef9b_8	fill in the blank 5aca1ef0900ef9b_9	fill in the blank 5aca1ef0900ef9b_10	fill in the blank 5aca1ef0900ef9b_11	fill in the blank 5aca1ef0900ef9b_12
Model C	fill in the blank 5aca1ef0900ef9b_13	fill in the blank 5aca1ef0900ef9b_14	fill in the blank 5aca1ef0900ef9b_15	fill in the blank 5aca1ef0900ef9b_16	fill in the blank 5aca1ef0900ef9b_17	fill in the blank 5aca1ef0900ef9b_18
Model D	fill in the blank 5aca1ef0900ef9b_19	fill in the blank 5aca1ef0900ef9b_20	fill in the blank 5aca1ef0900ef9b_21	fill in the blank 5aca1ef0900ef9b_22	fill in the blank 5aca1ef0900ef9b_23	fill in the blank 5aca1ef0900ef9b_24
Model E	fill in the blank 5aca1ef0900ef9b_25	fill in the blank 5aca1ef0900ef9b_26	fill in the blank 5aca1ef0900ef9b_27	fill in the blank 5aca1ef0900ef9b_28	fill in the blank 5aca1ef0900ef9b_29	fill in the blank 5aca1ef0900ef9b_30
Total				$fill in the blank 5aca1ef0900ef9b_31	$fill in the blank 5aca1ef0900ef9b_32	$fill in the blank 5aca1ef0900ef9b_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 3dc9ea03cf98026_1	$fill in the blank 3dc9ea03cf98026_2	$fill in the blank 3dc9ea03cf98026_3	$fill in the blank 3dc9ea03cf98026_4	$fill in the blank 3dc9ea03cf98026_5
Model B	fill in the blank 3dc9ea03cf98026_6	fill in the blank 3dc9ea03cf98026_7	fill in the blank 3dc9ea03cf98026_8	fill in the blank 3dc9ea03cf98026_9	fill in the blank 3dc9ea03cf98026_10
Model C	fill in the blank 3dc9ea03cf98026_11	fill in the blank 3dc9ea03cf98026_12	fill in the blank 3dc9ea03cf98026_13	fill in the blank 3dc9ea03cf98026_14	fill in the blank 3dc9ea03cf98026_15
Subtotal				$fill in the blank 3dc9ea03cf98026_16	$fill in the blank 3dc9ea03cf98026_17	$fill in the blank 3dc9ea03cf98026_18
Class 2:
Model D	fill in the blank 3dc9ea03cf98026_19	fill in the blank 3dc9ea03cf98026_20	fill in the blank 3dc9ea03cf98026_21	$fill in the blank 3dc9ea03cf98026_22	$fill in the blank 3dc9ea03cf98026_23
Model E	fill in the blank 3dc9ea03cf98026_24	fill in the blank 3dc9ea03cf98026_25	fill in the blank 3dc9ea03cf98026_26	fill in the blank 3dc9ea03cf98026_27	fill in the blank 3dc9ea03cf98026_28
Subtotal				$fill in the blank 3dc9ea03cf98026_29	$fill in the blank 3dc9ea03cf98026_30	fill in the blank 3dc9ea03cf98026_31
Total				$fill in the blank 3dc9ea03cf98026_32	$fill in the blank 3dc9ea03cf98026_33	$fill in the blank 3dc9ea03cf98026_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 73fa5a040fb6f95_1	$fill in the blank 73fa5a040fb6f95_2	$fill in the blank 73fa5a040fb6f95_3	$fill in the blank 73fa5a040fb6f95_4	$fill in the blank 73fa5a040fb6f95_5
Model B	fill in the blank 73fa5a040fb6f95_6	fill in the blank 73fa5a040fb6f95_7	fill in the blank 73fa5a040fb6f95_8	fill in the blank 73fa5a040fb6f95_9	fill in the blank 73fa5a040fb6f95_10
Model C	fill in the blank 73fa5a040fb6f95_11	fill in the blank 73fa5a040fb6f95_12	fill in the blank 73fa5a040fb6f95_13	fill in the blank 73fa5a040fb6f95_14	fill in the blank 73fa5a040fb6f95_15
Model D	fill in the blank 73fa5a040fb6f95_16	fill in the blank 73fa5a040fb6f95_17	fill in the blank 73fa5a040fb6f95_18	fill in the blank 73fa5a040fb6f95_19	fill in the blank 73fa5a040fb6f95_20
Model E	fill in the blank 73fa5a040fb6f95_21	fill in the blank 73fa5a040fb6f95_22	fill in the blank 73fa5a040fb6f95_23	fill in the blank 73fa5a040fb6f95_24	fill in the blank 73fa5a040fb6f95_25
Total				$fill in the blank 73fa5a040fb6f95_26	$fill in the blank 73fa5a040fb6f95_27	$fill in the blank 73fa5a040fb6f95_28