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Determine the value of the inventory at the lower of cost

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Reference no: EM131812825

Question - Lower-of-Cost-or-Market Inventory

On the basis of the following data:

Commodity

Inventory
Quantity

Unit
Cost Price

Unit
Market Price

AL65

17

$296

$283

CA22

21

281

279

LA98

25

109

114

SC16

17

267

252

UT28

14

289

303

Determine the value of the inventory at the lower of cost or market.

Reference no: EM131812825

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