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 Exhibit10. Market Value per Unit Cost per Unit Item Inventory Quantity (Net Realizable Value) $41 JFW1 78 $37 161 SAW9 20 24