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. Item Inventory Quantity JFW1 142 SAW9 Market Value per Unit Cost per Unit (Net Realizable Value) $35 $31 18 301 23