Lower of Cost or Market Inventory On the basis of the following data: Inventory Quantity Cost per Product Unit Market Value per Unit (Net Realizable Value) Model A 45 $278 Model B $294 21 180 176...

Lower of Cost or Market Inventory On the basis of the following data: Inventory Quantity Cost per Product Unit Market Value per Unit (Net Realizable Value) Model A 45 $278 Model B $294 21 180 176 Model 24 253 248 Model D 45 142 154 Model E 46 235 224 Determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 9. . Inventory at the Lower of Cost or Market Product Total Cost Total Market Lower of Total Cost or Total Market А B с D E Total