On the basis of the following data, determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 9.

Inventory Item	Inventory Quantity	Cost per Unit	Market Value per Unit (Net Realizable Value)
Birch	33	$58	$54
Cypress	49	126	110
Mountain Ash	50	106	99
Spruce	18	277	279
Willow	50	299	303

Inventory at the Lower of Cost or Market

Inventory Item

Total Cost

Total Market

Total Lower of C or M

Birch	$	$	$
Cypress
Mountain Ash
Spruce
Willow
Total