On the basis of the following data, determine the value of the inventory at the lower of cost or market. Assemble the data in the form
Inventory | Unit Cost | Unit Market | |
Product | Quantity | Cost | Value |
Adams | 100 | $140 | $125 |
Coolidge | 375 | 90 | 112 |
McKinley | 220 | 60 | 59 |
Garfield | 900 | 120 | 115 |
Lincoln | 626 | 140 | 145 |
Darshita Changed status to publish August 13, 2020