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 64 $26 $28 O5T4 127 14 9 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 64

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	64	$26	$28
O5T4	127	14	9

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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