Lower of Cost or Market Method On the basis of the data shown below Item Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) A13Y 79 $35 $33 TX24 165 17 19 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

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Question: Lower-of-Cost-or-Market Method On the basis of the data shown below: Item Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) A13Y 79

Lower-of-Cost-or-Market Method

On the basis of the data shown below:

Item	Inventory Quantity	Cost per Unit	Market Value per Unit (Net Realizable Value)
A13Y	79	$35	$33
TX24	165	17	19

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.

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