A physical inventory of Liverpool Company taken at December 31 reveals the following Per Unit Units Cost Market 344 $ 99 5107 Audio equipment Receivers CD players MP3 players Speakers Videosequent Handheld LEDS VCRS Camcorders Car audio equipment 102 184 CAP radios 105 Required: 1. Calculate the lower of cost or market for the inventory applied separately to each item Units Cost Market Cost Market tem Audio equipment Receivers 107 344 259 325 99 120 95 104 Co players MP3 players Speakers Video equipment Handheld ECE VORS Camcorders Car audio equipment Sateline radios CDMP3 radi Tetail 2. IT the market amount is less than the recorded cost of the invention the adjustment to the Merchandise inventory account View transactions Journal entry worksheet Record LCMatment. Clear entry