1st get or barrow a compression tester. Harbor freight has them for about $20 or you can do the lone a tool at your local auto parts place.
Usually it is suggested to test with the throttle wide open, but since the carbs are off, this is a moot point.
Doing the test on a cold engine will give you lower numbers in any case.
Take out all the spark plugs (makes for easier kicking over).
Screw the tester into the spark plug hole, hand tight.
Kick the engine over several times till the needle on the tester stops moving up each kick.
Record your number.
There should be a button on the tester to let out the pressure, push it and test again.
I would test each cylinder a few times and take the average of the readings for each individually.
Then, I'd put about a tablespoon of oil in each cylinder and test them all again. These numbers should be a little higher
The oil in the cylinders will tell you if a lower compression number is due to rings or valves not sealing up.
If the numbers are in an acceptable range in both cases, great.
If the non-oiled test is low, but with in an acceptable range oiled, you may be OK, as when the engine gets warmed up the sealing in the rings will improve.
If the non-oiled test is low and you see little improvement oiled, your valves might be leaking. Leaking valves won’t improve when the motor warms up.
Also, if your average between the cylinders is more than 5% or 10%, that’s not good either. They should all be very close to each other. The engine may run, but fine tuning/syncing will be difficult at best.
As for what is an acceptable range, that all depends on bike. Others that know your model may be able to narrow this down for you. Below 100 lbs is defiantly not good. I had a cb650 with over 30K that ran about 110 lbs. Much less than ideal, but it ran fine, just not as strong as it should.