??? No results Options v fed instructions I help ? Save & Exit }| Submit } Question 5 (of 10) M7-9 Reporting Inventory under Lower of Cost or Market [LO 7-4] The Jewel Fool had the following inventory items on hand at the end of the year. Market Value per Item s 77 Quantity Cost per Item Necklaces Bracelets 10 50 $72 62 42 Determine the lower of cost or market per unit and the total amount that should be reported on the balance sheet for each item of inventory. Lower of Cost or Total Amount Market per Unit Reported Necklaces Bracelets Total References eBook & Resources Worksheet Dfficulty: 1 Easy