student Name: Section: Student Name: HW6#14b- worksheet fround average cost factor to 3 decimal places). worksheet FIFO LIFO AVERAGE COST Beginning Inventory Cost of Goods Purchased Cost of Goods Available for Sale (Ending Inventory) Cost of Goods Sold HW#15-Lower-of-Cost or Market: Instructions: Calculate the value of the inventory of pencil boxes for Office Outlet Inc, using the Lower of Cost or Market Basis using the following data. PENCIL BOX(ES) WOODEN PENCIL BOX PLASTIC PENCIL BOX UNITS UNIT COST MARKET 13,000 $ 5.60 $ 5,000 $ 3.40 $ 5.55 3.50 LOWER OF COST OR MARKET INVENTORY VALUE $ Chapter 6 In-Class Exercises Reporting and Analyzing Inventory due at beginning of class on October 23rd