can u please answer both a and b?

Question 3 Rexburg Inc. reports the following information as of December 31 of the current year: Balance in Allowance for Market Decline: (unadjusted since December 31 of prior year) $5,000 Inventory Item Cost Selling Price Item A.1 Item A.2 Major Group A 63,000 25,000 88,000 71,000 26,000 97.000 Selling Price - Selling Cost 66,000 24,000 90,000 Item B.1 Item B.2 Major Group B All Inventory Items 41,000 40,000 81,000 169,000 54,000 41,000 95,000 192,000 50,000 37,000 87,000 177,000 a) What is the value of ending inventory? What journal entry should Rexburg make to reflect the lower-of-cost adjustment for the current year, assuming that LCM is applied on an individual item basis? b) What is the value of ending inventory? What journal entry should Rexburg make to reflect the lower-of-cost adjustment for the current year, assuming that LCM is applied on a major group basis