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 10. Commodity Inventory Quantity Unit Cost Price Unit Market Price Ash 80 $140 $125 Aspen 120 90 112 Beech 30 75 74 Maple 75 88 86 Oak 60 140 145 Inventory at the Lower of Cost or Market Commodity Total Cost Total Market Total Lower of C or M Ash $ $ $ Aspen Beech Maple Oak Total $ $ $