ebook Show Me How 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 Exhibit 9. Inventory Inventory Cost per Market Value per Unit Item Quantity Unit (Net Realizable Value) Birch 20 $83 $102 Cypress 50 59 64 Mountain Ash 17 201 203 Spruce 38 124 144 Willow 45 198 189 Inventory at the Lower of Cost or Market Inventory Item Total Cost Total Market Total LCM Birch X X Cypress Mountain Ash Spruce Willow Total