SIIUW WU #1 SP2 eBook Lower of Cost or Market The following information is taken from Aden Company's records: Cost/Unit Market/Unit Group Units Product A B 1 1 600 250 $0.80 1.55 $1.00 1.50 5.00 6.50 25.00 5.25 0 2 100 80 6.40 24.60 E 3 Required: What is the correct inventory value if the company applies the lower of cost or 1. Individual items Product A Product B Product C Product D Product E Total inventory value 2. Groups of items Group 1 Group 2 3118 items Check My Work pre: 68.86% All work saved. Show Me How eBook 6.40 D 2 100 80 6.50 25.00 24.60 TE 3 Required: What is the correct inventory value if the company applies the lower of cos 1. Individual items Product A 450 Product B Product C Product D Product E Total inventory value 2. Groups of items Group 1 Group 2 Group 3 Total inventory value 3. The inventory as a whole Total inventory value Check My Work