A company reported the following data related to its ending inventory: 
Calculate the lower of cost or-market on both the:
(a) Inventory as a whole.
(b) Inventory applied separately to each product.
Definitions:
Job Characteristics Model
A framework that suggests jobs can be designed to enhance work motivation, satisfaction, and performance by focusing on five core dimensions: skill variety, task identity, task significance, autonomy, and feedback.
Growth-Need Strength
A personal characteristic that reflects the extent to which an individual desires personal development and growth opportunities at work.
SEI Investments
A financial services company offering investment processing, management, and operations solutions to corporations, financial institutions, financial advisors, and ultra-high-net-worth families globally.
Self-Managed Teams
Groups of employees who are given the autonomy to plan, execute, and manage their work without direct supervision, often responsible for a full range of decisions.
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