1 2 3 4 A 5 B Item 6 C 7 D 8 Total 9 C Cost Inventory per Quantity Unit B 400 120 600 280 $10.25 22.50 8.00 14.00 Market Value per Unit Cost (Net Realizable Value) $9.50 24.10 E 7.75 14.75 F Total G Market LCM $4,100 $3,800 $ 3,800 2,700 2,892 2,700 4,800 4,650 4,650 3,920 4,130 3,920 $15,520 $15,472 $15,070 Exhibit 8 Determining Inventory at Lower of Cost or Market

Exhibit 8 Determining Inventory at Lower of Cost or Market On the basis of the following data, determine the value of the inventory at the lower-of-cost-or-market. Apply lower-of-cost-or-market to each inventory item, as shown in Exhibit 8