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 llustrated in Exhibit Inventory Inventory Cost per Market Value per Unit Item Quantity Unit (Net Realizable Value) Birch 42 $278 $270 Cypress 33 48 23 Mountain Ash 22 106 10: Spruce 49 156 162 Willow 34 162 172 Inventory at the Lower of Cost or Market Total LCM Inventory Item Total Cost Total Market Birch Cypress Mountain Ash Spruce Willow Total