Lower of-Cost-or-Market Inventory On the basis of the following data, determine the value of the Inventory at the lower of cost ar market. Assemble the data in the form Illustrated in Exhibit 10. Inventory Quantity Cost Per Unit Market Value per Unit (Net Realizable Value) Product Class 1: Model A 10 $211 $228 Model B 20 171 190 Model C 12 104 106 Class 2 Model D 13 241 251 Model 21 138 122 a. Determine the value of the inventory at the lower of cost or market applied to each item in the Inventory Inventory at the Lower of Cost or Market Market Value Inventory Cost per Unit Cost Market Product Quantity per Unit (Net Realizable Value) Model Lower of Cost or Market Model B Model Model Model D Model E 888 Total b. Determine the value of the inventory at the lower of cost or market applied to each class of inventory. Inventory at the Lower of Cost or Market Market Value per Unit (Net Realizable Value) Cost per Unit Cost Market Inventory Quantity Lower of Cost or Market Product Class 1: Model A Model B 99 Model C QI0) Subtotal dui dui o Class 2: Model D 888 Model E Subtotal Total c. Determine the value of the inventory at the lower of cost or market applied to total Inventory Model A Model B Model C Subtotal Class 2: D00 000 DI DIO Model D 8 88 Model E Subtotal 8 Total c. Determine the value of the inventory at the lower of cost or market applied to total inventory. Inventory at the Lower of Cost or Market Market Value Inventory Cost per Unit Cost Market Quantity per Unit (Net Realizable Value) Lower of Cost or Market Product Model A Model B Model C Model D Model E Total