Lower-of-Cost-or-Market Method On the basis of the data shown below: Cost per Inventory Quantity Market Value per Unit (Net Realizable Value) Item Unit A13Y 115 $37 $40 OST4 230 19 17 Determine the value of the inventory at the lower of cost or market by applying lower of cost or market to each inventory item, as shown in Exhibit 9. 8,970 X