Data on the physical inventory of Ashwood Products Company as of December 31, 2016, follows:

Quantity and cost data from the last purchases invoice of the year and the next-to-the-last purchases invoice are summarized as follows:

Instructions
Determine the inventory at cost and also at the lower of cost or market, using the first-in, first-out method. Record the appropriate unit costs on the inventory sheet, and complete the pricing of the inventory. When there are two different unit costs applicable to an item, proceed as follows:
1. Draw a line through the quantity, and insert the quantity and unit cost of the last purchase.
2. On the following line, insert the quantity and unit cost of the next-to-the-last purchase.
3. Total the cost and market columns and insert the lower of the two totals in the Lower of C or M column. The first item on the inventory sheet has been completed as an example.

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Market Value per Unlt (Net Realizable Value) 5 57 180 126 550 Inventory Descriptlon B12 E41 G19 L88 N94 P24 R66 T33 Z16 38 18 18 400 90 18 250 20 140 15 752 Last Purchases Involce Next-to-the-Last Purchases Involce Quanity Unlt Quantity Unlt Descriptlon Purchased Cost B12 E41 G19 L88 N94 P24 R66 Purchased Cost S 59 180 129 İGD 30 60 30 20 25 10 500 50 4 100 35 20 10 500 80 178 128 563 21 세; 21 750 35 100 10 19 745 Z16 Inventory Sheet December 31, 2016 Total Market Value per Inventory Cost per Unlt (Net Lower of Description Quantity Unlt Reallzable Value) Cost Market CorM B12 3830 60 557 57 1,800 $1,710 8 59 472 2,272 $2,166 $2,166 456