Lower of Cost or Market Triventory 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 Inventory Inventory Cost per Market Value per Unit Item Quantity Unit (Net Realizable Value) Birch 100 $125 5120 Cypress 75 100 108 Mountain Ash 80 90 86 Spruce 130 74 80 Willow 60 105 98 Inventory at the Lower of Cost or Market Total Cost Total Market Total Lower of C or M Inventory Item Birch Cypress Mountain Ash Spruce Willow Total