Lower-of-Cest or-Market Method On the basis of the following data, determine the value of the inventory at the lower-of-cost-or-market by ap shown in Exhibit 10. y applying lower-of-cost-or-market to each inventory item, as Market Value per Unit Item Inventory Quantity Cost per Unit (Net Realizable Value) JFW1 109 $27 SAW9 219 13 $24 17 G