Burton Supply uses the perpetual inventory method. At the end of the year Burton Supply had the following items in inventory. Item Quantity Cost per Unit Market Value per Unit A1 40 $ 120.00 $ 124.00 A2 30 $ 84.00 $ 80.00 A3 50 $ 170.00 $ 162.00 A4 20 $ 152.00 $ 158.00 Answer the following question by entering your answer in the space provided: 1. Determine the amount of ending inventory using lower of cost or market applied to each individual inventory item (Sample Answer Format: $10,000). [LCM]