At the end of the year, Randy's Parts Co. had the following items in Inventory Item Quantity 64 Unit Cost $88 Unit Market Value ge P1 88 139 80 127 Required a. Determine the amount of ending Inventory using the lower-of-cost-or-market rule applied to each individual Inventory item. Ending inventory b. Provide the general Journal entry necessary to write down the inventory based on Requirement a Assume that Randy's Parts Co. uses the perpetual Inventory system. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet