Brooks Company carries three inventory items. The following information pertains to the ending inventory. Item Quantity Unit Cost Unit Market Value A 210 $9 $8 F 230 18 17 K 175 5 8 Required Determine the ending inventory that Brooks will report on the balance sheet, assuming that it applies the lower-of-cost-or-market rule to individual inventory items. Prepare the necessary journal entry, assuming the decline in value was immaterial