Question: 31
(Choose 1 answer)
A company has the following inventory information: Item A: Cost $12, Market $10; Item B: Cost $8, Market $9;
Item C: Cost $15, Market $14. Using the lower of cost or market method, what is the total value of the
inventory?
A. $34
B. $36
C. $37
D. $32
E. $39
