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 illustrated in Exhibit 9. Inventory Inventory Cost per Unit Market Value per Unit (Net Realizable Value) ( Item Quantity Birch 40 $244 $233 Cypress 49 215 202 Mountain Ash 14 221 200 Spruce 14 202 212 Willow 10 130 153 Inventory at the Lower of Cost or Market Inventory Item Total Cost Total Market Total LCM Birch Cypress Mountain Ash Spruce Willow Total