25A Saved He Brooks Company carries three inventory items. The following information pertains to the ending inventory: Item Quantity 210 F 275 177 Unit Cost $10 14 5 Unit Market Value $ 9 13 8 Required a. Determine the ending inventory that Brooks will report on the balance sheet, assuming that it applies the lower-of-cost-or-market rule to individual inventory items. . Ending inventory rences b. Prepare the necessary Journal entry, assuming the decline in value was immaterial. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) b. Prepare the necessary journal entry, assuming the decline in value was immaterial. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record entry for cost of goods sold. int rences Note: Enter debits before credits Event General Journal Debit Credit 1 Record entry Clear entry View general journal