Calculate the Lower-of-Cost-or-Market using the table below for Samson Goods, Inc. springs inventory.

(1) Complete the table. (12 points)

Part #	Cost	Replacement Cost	Net Realizable Value	Normal Profit	NRV less Normal Profit	LCM
SP17G	$181,000	$ 152,000	$151,000	$15,000
SP23X	254,000	249,800	262,500	25,800
SP78A	205,400	214,000	206,000	10,200
Total

(2) Prepare the journal entry to record the Allowance to Reduce Inventory to Market using the "Loss Method". (4 points) $

$ (Record the adjustment to inventory due to decline in value)