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Find the value of the inventory at lower-of-cost-or-market

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Question 1: 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.

Item            Inventory               Quantity Cost per Unit                Market Value per Unit

                                                                                                          (Net Realizable Value)

JFW1         106                                   $46                                 $48

SAW9        208                                        22                               18

Reference no: EM132593475

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