wer-of-Cost-or-Market Inventory 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. Birch Cypress Mountain Ash Inventory Item Spruce Willow Birch Cypress Mountain Ash Spruce Willow Total Inventory Quantity 8 19 13 31 33 Cost per Unit $212 235 131 Inventory Item Total Cost Total Market Total LCM 73 185 Inventory at the Lower of Cost or Market $ 20 Market Value per Unit (Net Realizable Value) $189 218 114 83 189

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 at the Lower of Cost or Market