Chapter 5 inventories and Cost of Sales 267 Units Cost per Unit Market per Unit 345 260 S 90 111 $ 98 326 204 Item Car audio equipment Speakers Stereos Amplifiers Subwoofers 8 Security equipment Alarms 10/ Locks Cameras 12 Binocular equipment 13 Tripods 14) Stabilizers Required 1. Compute the lower of cost or market for the inventory applied separately to each item. 2. If the market amount is less than the recorded cost of the inventory, then record the LCM adjustment to the Merchandise Inventory account. Check (1) $273,054