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 Market Value per Unit Item Quantity Unit (Net Realizable Value) Birch 24 $283 $287 Cost per Cypress 28 41 57 Mountain Ash 10 244 247 Spruce 34 224 249 Willow 47 224 206 Inventory at the Lower of Cost or Market Total Cost Total Market Total LCM Inventory Item Birch Cypress Mountain Ash Spruce Willow Total