A physical inventory of Liverpool Company taken at December 31 reveals the following. Per Unit Item Units Cost Market Car audio equipment Speakers 352 $ 107 $ 115 Stereos 267 128 118 Amplifiers 333 103 112 Subwoofers 211 69 59 Security equipment Alarms 487 167 157 Locks 298 110 100 Cameras 219 329 339 Binocular equipment Tripods 192 91 101 Stabilizers 177 112 122 Required: 1. Compute the lower of cost or market for the inventory applied separately to each item.