Assume Horizon Furnishings in problem 1 is using the LIFO inventory method and all sales are priced at $240 per unit. All purchases are on account. Journalize the transaction for March 12h and for March 22nd DATE ACCOUNTS DR CR March 121 Problem 3 - (4 points) S&C Inc. has the following inventory records: Inventory Item Inventory Quantity Unit Cost Unit Market Value 2434 15 8 32 831 6754 2 2 528 533 S30 S15 Prepare the journal entry to record the write down of the inventory value. DATE ACCOUNTS DR CR Calculations