11 Questions 9. The following information applies to the questions displayed below Peterson Furniture Designs is prepering the annual financial statements dated December 31. Ending inventory information about the five major items stocked for regular sale follows 1.00 points Required 1-a. Complete the two columns of the table. Quantity Unit Cost When Market Value LCM per Recorded Itern on Hand Acquired (FIFO) at Year-End Item Alligator Amoires Bear Bureaus Cougar Credenzas Dingo Cribs Elephant Dressers 70 S 85 40 30 40 $ 50 70 65 45 35 50 72 65 s 2,800 4,250 2,800 1,950 20,700 460 1.b. Compute the amount that should be reported for the ending inventory using the LCM rule applie to each item Hints References eBook & Resources Hint#1