1. 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
   \($ 10 Type 2 200 15 Type 3 120 1 market pricer v $\) 11
   13
   15
   Group 11
   Type A
   120
   5
   4.5
   Type B
   110
   7.5
   7.25
   Type C
   25
   6
   6.3
   ​