Show your work please

me Class: Date Test REVIEW Chapters 1-6: Not graded this if to be used as a student study guide. Page 113 58. Using the lower-of-cost-or-market method of inventory valuation, what should the total inventory value be for the following items: InventoryUnit cost Unit market Total cost Total market Quantity price Item rice rice rice 200 100 50 $5 $4.5 5.00 6.5 $1 $900 50 325 59. Is the Balance sheet reported as of a Period of time or as of a Point in time? Explain. 60. Is the Income Statement reported as of a Period of time or as of Point in Time? Explain