Problem 6-4A Report inventory using lower-of-cost-or-market (LO6) [The following information applies to the questions displayed below.] A local Chevrolet dealership carries the following types of vehicles: Inventory Items Quantity Cost per Unit Market (replacement cost) per Unit

inventory items	quantity	cost per unit	market (replacement cost)
vans	3	26500	24500
trucks	6	17900	16900
2-door sedans	2	12900	14900
4-door sedans	7	16900	19900
sports cars	3	36500	39500
suv's	5	29800	27500

Because of recent increases in gasoline prices, the car dealership has noticed a reduced demand for its SUVs, vans, and trucks.