Check my Per Unit Item Units Cost Market Car audio equipment Speakers Stereos Amplifiers Subwoofers 259 325 203 344 99 $107 120 95 61 109 104 50 Security equipment Alarms Locks Cameras 479 290 211 159 102 319 134 93 331 Binocular equipment Tripods Stabilizers 184 169 79 106 93 114 Required: 1. Calculate 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. Complete this questions by entering your answers in the tabs below. Required 1 Required 2 If the market amount is less than the recorded cost of the inventory, then record the LCM adjustment to the Merchandise Inventory account View transaction list View journal entry worksheet Prev 8 of 8 Next>