inprogo false eBook Show Me How Lower-of-Cost-or-Market Method On the basis of the data shown below: Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) Item TA17 155 $23 $27 TX24 316 11 7 Determine the value of the inventory at the lower of cost or market. Apply lower of cost or market to each inventory item, as shown in Exhibi es Previous Text LON On the basis of the following data, determine the value of the inventory at the lower of cost or market. Asserble the data illustrated in Exhibit 9. Inventory Item Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) Birch 50 $180 $167 Cypress 33 79 90 Mountain Ash 36 155 177 Spruce 22 230 219 Willow 48 207 193 Inventory at the Lower of Cost or Market Total Cost Total Market Total LCM Inventory Item Birch Cypress Mountains Spruce Willow otal