answer both a and b! please and thank u!

Fluffy Pet Store carries three breeds of dogs. Information about the dog inventory as of the end of its most recent fiscal year follows. If lower of cost or market is applied to each separate product line, what is the amount of the adjustment that must be made to the company's Inventory? Product Line Labe Basta Poodles Cost per Unit 5700 600 950 Market Value per Unit $225 Quantity 190 300 605 320 275 56,250 ($29,500) ($25,500) O $35.750) The necessary adjusting journal entry for a lower of cost or market calculation is: . DR Inventory, CR Cost of Goods Sold equal to the difference between the lower of cost or market calculation and the cost calcutation O DR Cost of Goods Sold, CR Inventory equal to the lower of cost or market calculation O DR Cost of Goods sold. CR Inventory equal to the difference between the lower of cost or market calculation and the cost calculation, DR Inventory, CR Cost of Goods Sold equal to the lower of cost or market calculation