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) MX62 109 $45 $42 BJ54 213 23 28 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) MX62 109

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)
MX62	109	$45	$42
BJ54	213	23	28

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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