Lower-of-Cost-or-Market Method On the basis of the data shown below: Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) Item A13Y 81 $23 $18 O5T4 164 Determine the value of the inventory at the lower of cost or market by applying lower of cost or market to each inventory item, as shown in Exhibit 9. EXHIBIT E F G Determining Inventory at Lower of Cost or Market LCM) A. Bo Market Value Inventory Cost per per Unit 3 Item Quantity Unit (Net Realizable Value) 4 Echo 400 $10.25 $ 9.50 5 Foxtrot 120 22.50 24.10 6 Sierra 600 8.00E 7. 75 4 7 Tango 280 14.00 14.75 8 Total Cost $ 4,100 2.700 ,800 3.920 $15 520 Total Market $ 3,800 2.892 4650 4.130 $15.472 LCM $ 3.800 2,700 4650 3.920 $15070