1.42 points Exercise 5-11A Lower-of-cost-or-market rule LO 5-2 Brooks Company carries three inventory items, The following information pertains to the endinginventory: tity Cost Market Val 185 178 Required a. Determine the ending inventory that Brooks wil report on the balance sheet, assuming that it applies the market rule to individual inventory items b. Prepare the necessary journal entry, assuming the decline in value was immaterial. (lf no entry is