PE 7-6A Lower-of-cost-or-market method OBJ. 6 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 Cost per Market Value per Unit Item Quantity Unit (Net Realizable Value) Raven 10 1,700 $163 $159 Dove 23 9,200 24 30