60 Required information Data related to the inventory Items of Mountain Equipment and Supplies is presented below hem 100 Item 101 therm 102 be 103 Selling prices 150 5 150 $ 120 $ Cost 125 133 90 19 Replacement 120 130 50 COS Nett Realizable 152 135 109 54 Value Normal gross 20% 20% 15% profit ratio TO -Gross profit ratio is based on selling price In applying the lower of cost or market, what adjustment is needed to the ending inventory