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Lower-of-Cost-or-Market Inventory On the basis of the following data, determine the value of the inventory at the lower of cost or market, Assemble the data in the form Illustrated in Exhibit 10. Inventory Quantity Cost Per Unit Product Class 1: Market Value per Unit (Net Realizable Value) Model A $274 19 23 $292 214 Model 195 Model 21 98 82 Cass 2: Model D Model E 43 125 138 24 56 87 a. Determine the value of the inventory at the lower of cost or market applied to each item in the inventory Inventory at the Lower of Cost or Market Market Value Inventory Cost per Unit Cost Market Lower of Cost or Market Product Quantity per Unit (Not Realisable Value) Model A 19 23 Model Model 21 Model D 0 Model Total b. Determine the value of the inventory at the lower of cost or market applied to each class of inventory b. Determine the value of the inventory at the lower of cost or market applied to each class of Inventory Inventory at the Lower of Cost or Market Market Value per Unit (Net Realizable Value) Inventory Quantity Cost per Unit Cost Market Lower of Cost or Market Product Class 1: Model A Model B Model C 8 Subtotal Class 2: Model D 588 Model E Subtotal Total c. Determine the value of the inventory at the lower of cost or market applied to total inventory Inventory at the Lower of Cost or Market Market Value Inventory Cost per Unit Cost Market Quantity per Unit (Net Realizable Value) Lower of Cost or Market Product Model A Model B Model Model D juni Doni Model Total

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