Lower-of-Cost-or-Market Inventory On the basis of the following data, determine the value of the inventory at the lower of cost of market. Assemble the data in the form illustrated in Ex Inventory Inventory Market Value per Unit Quantity (Net Realizable Value) Cost per Item Unit Birch 47 $172 $192 Cypress 32 207 182 Mountain Ash 33 257 276 Spruce 8 143 131 Willow 27 158 134 Inventory at the Lower of Cost or Market Inventory Item Total Cost Total Market Total LCM Birch Cypress Mountain Ash Spruce Willow Total