Check Your Work Calculate the lower of cost or market for the inventory applied separately to each item. Answer is complete and correct. Market Units Cost MarketCost Audio equipment 345 90.0098.00 31,0033,8100 280 1100 100.00 31,050 26,000 28.036 8,364 Recaivers3 26.000 CD playes MP3 players 326 86.00 50028,03630,970 204 52.00 41.00 10,608 81364 60,000 24,444 65,720 2500 72,000 60,000 480 150.00 1 9 93.00 84.00 27063 24,444 212 |310.00 |322.00 | 66. Sabelite radios CDMPS dios 185 70.00 84.00 12950 15,540 170 97.00 105.00 1649 17,850 12.060 6,490 $292,777 $285,242 285.242 273054 2.ir the marker amount is less than the recorded cost of the inventory, then record the LCM adjustment to the Merchandise Inventory account O Answer is complete but not entirely correct. 273.054 MacBook Pro 5 6 8