Help M7-14 Reporting Inventory under Lower of Cost or Market/Net Realizable Value (LO 7-4) The Jewel Fool had the following inventory items on hand at the end of the year. Quantity cost per Item Value per Item Necklaces 15 $79 $ 74 Bracelets 60 64 Determine the lower of cost or marketet realizable value per unit and the total amount that should be reported on the balance sheet for each item of inventory int Lower of Cost or Market per Unit Total Amount Reported rences Necklaces Bracelets Total