Obj. 6 6. 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. Apply lower of cost or market to each inventory item, as shown in Exhibit 9 Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) Item Raven 10 ,200 Dove 23 6,500 $115 $112 17