Ait Inventories OBJ.6 EX 6-15 Lower-of-cost-or-market inventory On the basis of the following data, determine the value of the inventory at t cost or market. Assemble the data in the form illustrated in Exhibit 10. he lower of Market Value per Unit (Net Realizable Value) Inventory Cost per Unit Commodity Ash Aspen Beech Maple Quantity 80 120 30 75 60 $125 112 74 86 145 $140 90 75 Oak 140 6-16 Merchandise inventory on the balance sheet ed on the data in Exercise 6-15 and assuming that cost was determined by the FIFO hod, show how the merchandise inventory would appear on the balance sheet. OBJ. 6