At the end of the year, Randy's Parts Co had the following items in inventory: Item PI P2 P3 P4 Quantity 64 40 86 39 Unit Cost $ 94 62 135 63 Unit Market Value $ 96 72 123 71 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 uses the perpetual Inventory system. (If no entry is required for a transaction/event, select "No journal entry required in the account field.)