17 5,950 20 7,000 Notepad case Pacific Base Subtotal-Pacific Base $ 12.450 $ 11.550 Total $ 20 850 5 30,750 Requirement Conduct a lower el cost-or-market (LCM) test for Case-t-Up assuming that it uses the total inventory approach for LCM computations (Enter a ono LCM is adjustment is requires Assuming Case-t-Up uses the total inventory approach for LCM computations. It will recorda loss adjustment Requirement b. Conduct a lower-of-cost-of-market test for Case-It-Up assuming that it uses the individual-tom approach for LCM Computations. Entor a orno LCM is adjustment is required) Assuming Case-t-Up uses the individualiom approach for LCM computations. It will record a 3600 loss adjustment Unit Complete the table below to identify the market value per unit amounts for each product, the total cost amounts, and the total market value amounts. Cost per Market Group No. Manufacturer No. of Units Total Cost Total Market Smartphone case General Tech 900 $ 4 $ 3,600 $ 10$ 9,000 Notepad case General Tech 600 18 10,800 17 10.200 Subtotal - General Tech $ 14,400 $ 19,200 per Unit 650 10 $ 7 $ Smartphone case Pacific Base Notepad case Pacific Base Subtotal-Pacific Base 6,500 5,950 4.550 7.000 350 17 20 $ 12,450 11,550 $ 26,850 $ Total 30,750 Requirement c. Conduct a lower-of-cost-or-market test for Case Closed assuming that it uses the group-by-group 10 approach for LCM computations