OWV2 Online takeAssignment/take AssignmentMain.do?invoker-assignments&take AssignmentSessionLocator assignment-take&inprogress=false eBook Show Me How Calculator Print item Lower-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. Inventory Inventory Cost per Market Value per Unit Item Quantity Unit (Net Realizable Value) Birch $187 $175 Cypress 144 122 Mountain Ash 169 Spruce Willow 227 Inventory at the Lower of Cost or Market Inventory Item Total Lower of C or M Birch Total Cost $ 5,797 5,040 Total Market $ 5.425 4.270 Cypress Mountain Ash 2.535 2.505 Spruce 1.925 1,050 Willow 9,534 8,094 Total 24,831 21.944 Check My Work 2 more Check My Work uses remaining. Next > Email Instructor Save and Exit Submit Assignment for Grading