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 Quantity Cost per Unit Market Value per Unit (Net Realizable Value) Item Birch 40 $215 $219 Cypress 17 178 173 Mountain Ash 26 250 252 Spruce 25 94 86 Willow 38 46 35 Inventory at the Lower of Cost or Market Inventory Item Total Cost Total Market Total LCM Birch Cypress Mountain Ash Spruce Willow Total $ Chock Mullor