Del The Twinkster Company has six different categories of inventory. Ouantity, cost, market value for each inventory category is shown below: $6.25 Item Quantity Cost Per Unit Market Value Per Unit 750 $6.30 800 $8.45 $10.00 545 $13.00 $11.50 325 $32.45 $30.00 125 $50.75 $52.60 25 $65.00 $70.00 The company carries inventory at lower-of-cost-or-market applied to each individual category. Required: (a) Determined the value of ending inventory after applying the lower-of-cost-or-market rule (b) Prepare the journal entry required to adjust inventory