2. Calculating inventory at the lower of cost or marke The folving data pertain to
the raw materials inventory for the ABC manufacturing co npany on Dember 31, 2002.
Group 1
Type 1
quantity
100
cost per ur
[tex]$ 10 Type 2 200 15 Type 3 120 1 market pricer v $[/tex] 11
13
15
Group 11
Type A
120
5
4.5
Type B
110
7.5
7.25
Type C
25
6
6.3
​