A physical inventory of Liverpool Company taken at December 31 reveals the following. Per Unit Cost Market Units 344 259 325 203 $ 99 120 95 61 $ 107 109 104 50 Item Car audio equipment Speakers Stereos Amplifiers Subwoofers Security equipment Alarms Locks Cameras Binocular equipment Tripods Stabilizers ok 479 290 211 159 102 319 134 93 331 t 184 169 79 106 93 114 nces Required: 1. Compute 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 Compute the lower of cost or market for the inventory applied separately to each item. Per Unit Total Item Units LCM applied to: Individual Items Cost Market Cost Market Car audio equipment Speakers Stereos 344 $ 107 259 99 $ 120 95 109 325 104 203 61 50 Amplifiers Subwoofers Security equipment Alarms 479 159 134 290 102 93 Locks Cameras 211 319 331 Binocular equipment Tripods Stabilizers 184 79 93 169 106 114 Total