Lower-of-cost-or-market method On the basis of the following data, 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 10. Commodity Inventory Quantity Cost per Market Value per Unit Unit (Net Realizable Value) JFW1 104 $42 $44 SAW9 200 20 16