Obj. 6 On the basis of the following data, determine the value of the inventory at the lower of cost or Excel market. Assemble the data in the form illustrated in Exhibit 9. Show Me How Cost per Unit Inventory Item Birch Cypress Mountain Ash Spruce Willow Inventory Quantity 100 75 80 130 60 $125 100 90 74 105 Market Value per Unit (Net Realizable Value) $120 108 86 80 98 ANSWER Check Figure: LCM: $41,880 Cost per Total Inventory Quantity Market Value per Unit Inventory Item Unit Cost Market Lower of C or M 100 Birch Cypress Mountain Ash Spruce Willow Total 75 80 130 60 $125 100 90 74 105 $120 108 86 80 98