On the basis of the following data, 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 10. CommodityInventory QuantityCost per UnitMarket Value per Unit (Net Realizable Value) JFW16,330$10$11 SAW91,1403634 fill in the blank 1 of 1$ Feedback Area Feedback Under lower-of-cost-or-market, for each item in inventory, choose the lower of total cost price or the total market price as the assigned value for computing inventory cost. First you must compute the total cost and total market for each item.
