CH 7- Homework eBook Show Me How Print Lower-of-Cost-or-Market Inventory 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 Exhibi Inventory Cost per Unit Item Inventory Quantity Market Value per Unit (Net Realizable Value) Birch 17 $64 167 Cypress 48 195 178 Mountain Ash 16 60 49 Spruce 36 269 252 11 213 235 Inventory at the Lower of Cost or Market Inventory Item Total Cost Total Market Total LCM Birch Cypress Mountain Ash Spruce Willow Total