A physical Inventory of Liverpool Company taken at December 31st please compute the following thank you.

Item Car audio equipment Units Cost Market Speaker:s Stereos Amplifiers Subwoofers 268 334 212 353 $108 $116 129 104 70 119 113 60 Security equipment Alarms Locks Cameras 488 299 220 158 101 340 168 330 Binocular equipment Tripods Stabilizers 193 178 92 113 102 123 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 Merchandi account. Complete this questions 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 Per Unit Total LCM applied to: Individual Items Item Units Cost Market Cost Market Car audio equipment Speakers Stereos Amplifiers Subwoofers 268 334 212 353 08 116 129 104 70 119 113 60 Security equipment 488 299 220 168 Alarms Locks Cameras 158 101 340 330 Binocular equipment Tripods 193 92 102 Stabilizers 178 113 123 Total