EX $7-15$ Lower$-$of$-$cost$-$or$-$market inventory

OBJ. $6$

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 $9.$

$\backslash$table$[[\backslash$table$[[$Inventory$],[$Item$]],\backslash$table$[[$Inventory$],[$Quantity$]],\backslash$table$[[$Cost per$],[$Unit$]],\backslash$table$[[$Market Value per Unit$],[($Net Realizable Value$)]]],[$Birch$,120,$$$150,$$$140$