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 9. Market Value per Unit Item Inventory Quantity Cost per Unit (Net Realizable Value) JFW1 82 $52 $54 SAW9 167 26 22