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 $39$ $$171$ $$153$

Cypress $40136150$

Mountain Ash $27181193$

Spruce $30124146$

Willow $47257281$

blank

Inventory at the Lower of Cost or Market

blank

Inventory Item Total Cost Total Market Total LCM

Birch $fill in the blank $1$

$fill in the blank $2$

$fill in the blank $3$

Cypress fill in the blank $4$

fill in the blank $5$

fill in the blank $6$

Mountain Ash fill in the blank $7$

fill in the blank $8$

fill in the blank $9$

Spruce fill in the blank $10$

fill in the blank $11$

fill in the blank $12$

Willow fill in the blank $13$

fill in the blank $14$

fill in the blank $15$

Total $fill in the blank $16$

$fill in the blank $17$

$fill in the blank $18$