Helka company had the following ending inventory costs:

Product A: 10 units at hand, $5 unit cost, $6 market value

Product B: 50 units at hand, $8 unit cost, $7 market value

Product C: 35 units at hand, $10 unit cost, $11 market value

1. calculate the lower of cost or market (LCM) value for the inventory as a whole.

2. calculate the lower of cost or market (LCM) value for each individual item