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 11 $293 $292 Cypress 18 141 121 Mountain Ash 42 64 57 Spruce 30 289 312 Willow 13 93 111 Inventory at the Lower of Cost or Market Inventory Item Total Cost Total Market Total LCM Birch Cypress Mountain Ash Spruce inventory inventory Cost per Market value per unit (Net Realizable Value) Item Quantity Unit Birch 11 $293 $292 Cypress 18 141 121 Mountain Ash 42 64 57 Spruce 30 289 312 Willow 13 93 111 Inventory at the Lower of Cost or Market Inventory Item Total Cost Total Market Total LCM Birch $ Cypress Mountain Ash Spruce Willow Total $