A physical Inventory of Liverpool Company taken at December 31 reveals the following Units Der Unit Cont Market 345 260 326 204 $ 90 111 86 52 $ 98 100 95 41 Item Car audio equipment Speakers Stereo Amplifiers Subwoofer Security equipment Alarm tocks Cameras Binocular equipment Tripod Stabilizer 125 480 291 212 150 93 310 322 185 170 70 97 84 105 Required: 1. Calculate the lower of cost or market for the inventory applied separately to each item. 2. If the market amount is less than the recorded cost of the Inventory, then record the LCM adjustment to the Merchandise Inventory account Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the lower of cost or market for the inventory applied separately to each item. Por Unit Total LCM applied to: