Use the lower-of-cost-or-market rule to determine the value (in $) of the following inventory for Save-Mor Merchandisers. Item Raincoats Birdcages Radios Calculators Video Games Qty Cost 470 315 222 377 467 $86 60 43 14 40 Market $56 38 42 17 33 Valuation Basis -Select- -Select--- -Select-v -Select-v ---Select--- $ Total Value of Inventory $ Amount

Use the lower-of-cost-or-market rule to determine the value (in \$) of the following inventory for Save-Mor Merchandisers. \begin{tabular}{|l|r|r|r|r|r|} \hline \multicolumn{1}{|c|}{ Item } & Qty & Cost & Market & Valuation Basis & Amount \\ \hline Raincoats & 470 & $86 & $56 & - Select-v & $ \\ \hline Birdcages & 315 & 60 & 38 & - -Select-v & \\ \hline Radios & 222 & 43 & 42 & - Select-v & \\ \hline Calculators & 377 & 14 & 17 & - - Select-v & \\ \hline Video Games & 467 & 40 & 33 & - Select-v & \\ \hline \end{tabular}