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 Quantity (Net Realizable Value) Cost per Item Unit Birch 8 $121 $102 Cypress 30 173 184 Mountain Ash 37 44 61 Spruce 21 239 264 Willow 10 223 221 Inventory at the Lower of Cost or Market Inventory Item Total cort Total Market Total LCM Birch Cypress Mountain Ash Spruce Willow Total