3) The following information is taken from Bellows Corporation's inventory records Women's Apparel Men's Apparel Children's Apparel Selling price $180,000 $140,000 $120,000 Cost 128,000 133,000 90,000 Replacement cost 120,000 130,000 110,000 Selling costs 18,000 14,000 12,000 Normal profit margin is 20% of the selling price. What is the correct inventory value for each product using the lower of cost or market? Prepare any journal entries required to write down the inventory value.