I. P6-3A. Lower-of-Cost-or-Market (LCM) Method. The following data are taken from the Daley Corporation's inventory accounts: Item Code Quantity Unit Cost Replace. Cost Product 1 ZKE 10 $50 $20 ZKF 20 40 30 Product 2 MNJ 30 30 40 MNS 40 20 50 Calculate the value of the company's ending inventory using the lower-of-cost-or-market (LCM) method, as applied to (1) Total Inventory (2) each of the two Products, i.e., by Product, (3) each of the four Product types, i.e., by Product Type