A physical inventory of Liverpool Company taken at December 31 reveals the following Per Unit Car audio equipment 44 $99 $10 259 120 09 325 9S 104 Stereos Subwoofers 203 1 61 5 Security equipment Alarna Locks Caner as 479 1S9 13 290 1023 211 319 331 Binocular equipment 184 169 79 106 93 114 Teipoda 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 questions by entering your answers in the tabs below. Calculate the lower of cost or market for the inventory applied seperately to each item, LCM applied to: Units C Cost Market Cost 443 99 07 Prev 9 of 9 iii MacBook Air 0