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The following data is for Barker Industries as of December 31, 2011. Commodity Inventory Quantity Unit Cost Price Unit Market Price Size 4 9 $17
The following data is for Barker Industries as of December 31, 2011.
Commodity Inventory Quantity Unit Cost Price Unit Market Price
Size 4 9 $17 $19
Size 5 10 $17 $14
Size 6 14 $23 $20
Size 7 12 $13 $15
Use the data above to determine the value of the inventory at the lower of cost or market.
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