On the basis of the following data,determine the value of the inventory at the lower of cost or market.Apply lower of cost or market to each inventory item.Show your work. 
Definitions:
Restrictions
Rules or regulations that limit, control, or restrict certain activities, behaviors, or freedoms.
Quartering Act
refers to laws passed by the British Parliament requiring American colonies to provide housing and accommodations for British troops, notably leading up to the American Revolutionary War.
British Soldiers
Members of the United Kingdom's military forces, especially those serving during historical conflicts or colonial administration.
Soldiers' Presence
The state of military personnel being stationed in a particular location or area, which can influence local dynamics and security.
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