A physical inventory of Helmke Company taken at December 31 reveals the following. Per Unit Item Units Cost Market Audio equipment Receivers 335 90 98 CD players 250 111 100 MP3 players 316 86 95 Speakers 194 52 41 Video equipment Handheld LCDs 470 150 125 VCRs 281 93 84 Camcorders 202 310 322 Car audio equipment Satellite radios 175 70 84 CD/MP3 radios 160 97 105 Required: 1. Calculate the lower of cost or market for the inventory applied separately to each item. (Omit the "$" sign in your response.) Item LCM applied to items Audio equipment Receivers $ 30,150 CD players 25,000 MP3 players 27,176 Speakers 7,954 Video equipment Handheld LCDs 58,750 VCRs 23,604 Camcorders 62,620 Car audio equipment Satellite radios 12,250 CD/MP3 radios