Chapter 7 Homework Assignment (par eBook Show Me How Print Item Lower-of-Cost-or-Market Method On the basis of the data shown below: Inventory Cost per Market Value per Unit Unit (Net Realizable Value Item Quantity MX62 VZ31 133 $27 $23 263 15 Determine the value of the inventory at the lower of cost or market by applying lower of cost or market to each inventory item, as shown in Exhibit 9 T Check My Wark e or the total market price as the assigned value for computing inventory cost. First you must compute the total cost and Under lower-of-cost-or-market, for total market value for each item each item in inventory, choose the lower of total cost pric 628 PM O Type here to search