Exercise 4 out of 4 LCM (10 points) ROnTop is Recording house which produces DVD's, Videos, CD's and Cassettes. a. Fill out the given table for each of the given basis by applying the LCM (Lower of cost or market) method. Market Value Individual Item Inventory Category Total Category Historical Merchandise Cost Visual DVD'S 4000 Video's 2000 1 Subtotal 4300 1900 6000 6200 Audio CD's Cassette's 1500 500 2000 8000 930 460 1390 7590 2 Subtotal Totals b. If the Materiality level is 50 S, make the required journal entry for total category base