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Using the lower of cost or market, what should the total inventory value be for the following items: Item Quantity Unit Cost Price Unit Market
Using the lower of cost or market, what should the total inventory value be for the following items:
| Item | Quantity | Unit Cost Price | Unit Market Price | Total Cost Price | Total Market Price | Lower of Cost or Market |
| A | 193 | $4 | $8 | $772 | $1,544 | $fill in the blank 1 |
| B | 120 | $16 | $14 | $1,920 | $1,680 | $fill in the blank 2 |
| C | 55 | $26 | $28 | $1,430 | $1,540 | $fill in the blank 3 |
| $fill in the blank 4 |
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