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 34 $245 $270 Cypress 46 131 Mountain Ash 36 122 147 108 Spruce B 150 128 Willow 40 105 122 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 Previous Next > Email Instructor Submit Test for Grading