Lower-of-Cost-or-Market Inventory On the basis of the following data, determine the value of the inventory at the lower-ofcost-or-market. Apply lower-of-cost-or-market to each inventory item, as shown in Exhibit 8. of-Cost-or-Market Inventory basis of the following data, determine the value of the inventory at the lower-of-market. lower-of-cost-or-market to each inventory item, as shown in Exhibit 8