4. The December 31, 2020 inventory of ABC Company consisted of four products, for which certain information is provided below. Product Cost Units Est. Cost to sell Sales Price A $14.00 100 $6.50 $40.00 B $22.00 50 $10.00 $48.00 $110.00 200 $25.00 $150.00 D $19.00 25 $4.00 $25.00 Using the lower-of-cost-or-market approach applied on an individual-item basis, compute the inventory valuation that should be reported for the entire Ending Inventory on December 31, 2020. Show the entry necessary for adjustment