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. product inventory quantity cost per unit market value per unit (net realizable value) class 1: model a 34 $280 $287 model b 19 229 235 model c 12 297 288 class 2: model d 19 74 87 model e 42 255 258 question content area 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 product inventory quantity cost per unit market value per unit (net realizable value) cost market lower of cost or market model a model a $model a $model a $model a $model a $model a model b model b model b model b model b model b model b model c model c model c model c model c model c model c model d model d model d model d model d model d model d model e model e model e model e model e model e model e total blank blank blank $total $total $total question content area 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 product inventory quantity cost per unit market value per unit (net realizable value) cost market lower of cost or market class 1: blank blank blank blank blank blank model a model a $model a $model a $model a $model a blank model b model b model b model b model b model b blank model c model c model c model c model c model c blank subtotal blank blank blank $subtotal $subtotal $subtotal class 2: blank blank blank blank blank blank model d model d model d model d $model d $model d blank model e model e model e model e model e model e blank subtotal blank blank blank $subtotal $subtotal subtotal total blank blank blank $total $total $total question content area 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 product inventory quantity cost per unit market value per unit (net realizable value) cost market lower of cost or market model a model a $model a $model a $model a $model a blank model b model b model b model b model b model b blank model c model c model c model c model c model c blank model d model d model d model d model d model d blank model e model e model e model e model e model e blank total blank blank blank $total $total $total
