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10.00 points A physical inventory of Liverpool company taken at December 31 reveals the following Per Unit Item Units Cost Market Audio equipment Receivers 355

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10.00 points A physical inventory of Liverpool company taken at December 31 reveals the following Per Unit Item Units Cost Market Audio equipment Receivers 355 $110 $100 CD players 270 131 121 MP3 players 336 106 96 Speakers 214 51 62 Video equipment Handheld LCDs 490 135 160 VCRs 301 103 94 Camcorders 222 332 320 Car audio equipment Satellite radios 195 CD/MP3 radios 180 115 107 Required: 1. Calculate the lower of cost or market for the inventory applied separately to each item. otal

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