lower-of-cost-or-market method
on the basis of the data shown below:
item inventory
quantity cost per
unit market value per unit
(net realizable value)
a13y 79 $35 $33
tx24 165 17 19
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 9.

The sum of the angles in a triangle is 180°. this is called the angle-sum property.the sum of the lengths of any two sides of a triangle is greater than the length of the third side. similarly, the difference between the lengths of any two sides of a triangle is less than the length of the third side.the side opposite to the largest angle is the longest side of the triangle and the side opposite to the smallest angle is the shortest side of the triangle.