mar Inventory Item Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) Birch 43 $57 $43 Cypress 44 65 61 Mountain Ash 40 40 39 Spruce 30 151 176 Willow 23 123 115 Inventory at the Lower of Cost or Market Inventory Item Total Cost Total Market Total Lower of C or M Birch 3,223 X $ 12,000 X $ 12,000 X Cypress 7,500 X 8,100 X 7,500 X Mountain Ash Spruce Willow Total