Brooks Company carries three inventory items. The following information pertains to the ending inventory: Item A P K Quantity 120 170 Unit Cost $60 80 30 Unit Market value $55 75 40 110 Required a. 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. b. Calculate the adjustment required assuming the decline in value is immaterial