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Units Cost Market Item Car audio equipment 343 $ 9B $106 119 94 60 Speakers...

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Accounting

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Units Cost Market Item Car audio equipment 343 $ 9B $106 119 94 60 Speakers StereoS Amplifiers Subwoofers 258 324 202 108 103 49 Security equipment Alarms Locks Cameras 478 289 210 158 101 318 133 92 330 Binocular equipment Tripods Stabilizers 183 168 78 105 92 113 Required: 1. Calculate the lower of cost or market for the Inventory applied separately to each item 2. If the market amount is less than the recorded cost of the inventory, then record the LCM adjustment to the Merchandise Inventory account. Complete this questions by entering your answers in the tabs below Required 1 Required 2 Calculate the lower of cost or market for the inventory applied separately to each item. CM Individual Units Cost Market Cost Item Car audio equipment 343 S 98 119 94 60 106 108 103 49 258 202 Security equipment 478 289 210 158 101 318 133 92 330 Locks Binocular equipment 183 78 168 105 113 Total

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