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. Cost per Unit $159 137 241 245 245 Market Value per Unit (Net Realizable Value) $175 113 228 247 252 Inventory Quantity 10 Inventory Item Birch Cypress Mountain Ash Spruce willow 17 17 Inventory at the Lower of Cost or Market Commodity Birch Cypress Mountain Ash Spruce willow Total Total Cost Total Market Total Lower of C or M