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. Inventory Cost per Market Value per Unit Commodity Quantity Unit (Net Realizable Value) JFW1 155 $28 $23 SAW9 295 15 20