It is December 31, the end of the year, and the controller of Ramirez Corporation is applying the lower-of-cost-or-market (LCM) rule to inventories. Before any year-end adjustments, the compary reports the following data: (Click the icon to view the data) Ramirez determines that the net realizable value of ending inwentory is $48,000. Show what Ramirez should report for ending inventory and for cost of goods sold. Identify the financial statement where each item appears. Data table