A physikal enventory of Liverpool Company taken at Decemb er 31 reveals the following 345 $9 ilixers L Caculate the lower 2. If the market amount is less than the recorded cost of the inventory, then record the LCM adjustment to the Merchandise of cost or market for the inventory applied separately to each tem Complete this question by entering your anwers in the tabs below. Required 1 Required 2 Calculate the lower of cost or market for the inventory aplied separatbely to each items Pre 20 of 21 Next 6 WE