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. Market Value per Unit Item Inventory Quantity Cost per Unit (Net Realizable Value) JFW1 148 $40 $37 SAW9 287 20 20 25