Framingdale Factories, Inc. manufactures low-cost furniture. The company produces three sizes df closets: four foot (S), six foot (M), and eight (Click the icon to view the data.) Read the requirements below to identifty the market value per unt amounts for each product, the total cost amounts, and the total market value am Cost per Market Closet Size #of Units Unit Total Cost per unit Total Market Four foot (S) Data Tat Sax foot (M) Requirements Eight foot (L) Total Selling p FIFO cos Current r Disposal Normal pr Units in e Determine the inventory carrying value with the lower-of-cost-or-market rule using the individual-items basis a. b. Prepare the journal entry to record any write-down required using the indirect method Determine the inventory carrying value with the lower-of-cost-or-market rule using the total inventory basis c. d. Prepare the journal entry to record any write-down using the direct method. (Assume that Framingdale Factories, Inc. is a U.S. GAAP reporter) Print Done Enter any num Clear All parts remaining