Lower-of-Cost-or-Market Method On the basis of the data shown below: Inventory Item Quantity Cost per Unit Raven 10 1,700 $163 Dove 23 9,200 24 Market Value per Unit (Net Realizable Value) $159 30 Determine the value of the inventory at the lower of cost or market. Apply lower of cost or market to each inventory item, as shown in Exhibit 9.