Z. Penny Pinchers Candy Store is recognized all over the world as the marketplace for unusual candy items. The company uses the lower of cost or market to value their inventory and has asked you to calculate the current merchandise inventory amount. Item Units Cost Market Gumdrop Buttons 100 $1.00 $1.25 Sugarplum Fairies 230 $2.55 $2.50 Dingleberries 140 $2.20 $2.00 Sky Hooks 55 $3.00 $3.75 Magic Beans 120 $1.20 $1.25 Oompa Loompa Drops 13 $6.00 $5.50 Cost of Merchandise Inventory