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 Item Inventory Cost per Market Value per Unit Quantity Unit (Net Realizable Value) Birch 42 $174 $178 Cypress 23 81 84 Mountain Ash 22 86 109 Spruce 8 298 295 Willow 44 113 103 Inventory at the Lower of Cost or Market Inventory Item Total Cost Total Market Total LCM Birch Cypress Mountain Ash Spruce Willow Total