Lower-of-cost-or-Market Method On the basis of the following data, determine the value of the inventory at the lower-of-cost-of-market by applying lower-of-cost-of-market to each Inventory item, as shown in Exhibit 10. Item Inventory Quantity Cost per Unit Market Volue per Unit (Net Realizable Value) JFW1 76 $43 $38 SAW9 157 22 25