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 Cost per Inventory Quantity Market Value per Unit (Net Realizable Value) Item Unit Birch 39 $161 $167 Cypress 28 69 48 Mountain Ash 35 199 222 Spruce 49 236 226 Willow 15 75 56 Inventory at the Lower of Cost or Market Total Cost Total Market Total LCM Inventory Item Birch Cypress Mountain Ash Spruce Willow Total