Ron's Tennis Ball Shop sells tennis balls to the general public. Ron uses the Perpetual System to track his Inventory of tennis balls. Below is the completed Inventory Record for tennis balls, for July 2021. PRODUCT: Tennis balls (cost price) BALANCE (in shop) of tennis balls 15 @ $2 each 15 @ $2 each 300 @ $2.5 each 280 @ $2.5 each DATE IN OUT 2020 1st July 3rd July 300 @ $2.5 each 7th July 15 @ $2 each 20 @ $2.5 each 10th July 400 @ $3 each 280 @ $2.5 each 400@ $3 each 360 @ $3 each 15th July ?

What is the ending inventory value?

Sheffield Corp. markets CDs of numerous performing artists. At the beginning of March, Sheffield had in beginning inventory 2,500 CDs with a unit cost of $8. During March, Sheffield made the following purchases of CDs. March 5. March 13 1,900 @ 3,500 @ $9 $10 March 21 March 26 5,200 @ $11 $12 1,900 @ During March 11,500 units were sold. Sheffield uses a periodic inventory system.

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 illustrated in Exhibit 10. Product InventoryQuantity Cost PerUnit Market Value per Unit(Net Realizable Value) Class 1:       Model A  16 $162       $169             Model B  32   190        198             Model C  34 152         148             Class 2:       Model D  31   298         309             Model E  42  72        78             Question Content Area a. Determine the value of the inventory at the lower of cost or market applied to each item in the inventory. Inventory at the Lower of Cost or Market Product InventoryQuantity Costper Unit Market Valueper Unit(Net Realizable Value) Cost Market Lower of Cost or Market Model A fill in the blank 1b67cb01c017023_1 $fill in the blank 1b67cb01c017023_2 $fill in the blank 1b67cb01c017023_3 $fill in the blank 1b67cb01c017023_4 $fill in the blank 1b67cb01c017023_5 $fill in…