Question 2: (10 Points): Intructions: a.) Compute the Lower of Cost or M e the Lower of Cost or Market Valuations for the Howe Company's total inventory based of the following. Show all work to arrive at your answer Inventory Categories Cost Data Market Data Equipment $18,000 $17,700 Truck S14,000 $14,600 Computers $21,000 $19,500 b.) By applying Lower of Cost or Market Valuation to Inventory, the preparer of the Financial Statement would be applying the Constraint of: c.) Explain the meaning of this Constraint