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 24 $222 $245 Cypress 16 61 Mountain Ash 50 291 287 Spruce 8 130 Willow 30 212 41 135 221 Inventory at the Lower of Cost or Market Inventory Item Total Cost Total Market Total Lower of Cor M Birch Cypress Mountain Ash Spruce Willow Total