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 Market Value per Unit Item Quantity Unit (Net Realizable Value) Birch $170 $190 Cypress 37196 209 Mountain Ash Spruce 43 176 Willow 18 186 202 100 85 156 Inventory at the Lower of Cost or Market Total Cost Total Market Total Lower of C or M Inventory Item Birch Cypress Mountain Ash Spruce Willow Total