Item D K M Quantity 90 75 40 22 Unit Cost $ 24 22 25 15 Unit Market Value $ 16 20 28 17 Required a. Determine the value of the ending inventory using the lower-of-cost-or-market rule applied to (1) each individual inventory item and (2) the inventory in aggregate. b. Prepare any necessary journal entries, assuming the decline in value is immaterial, using the (1) individual method and (2) aggregate method. Hagen Metal Works uses the perpetual inventory system. Complete this question by entering your answers in the tabs below. Required A Required B Determine the value of the ending inventory using the lower-of-cost-or-market rule applied to (1) each individual inventory item and (2) the inventory in aggregate. Ending Inventory Book Hint Required A Required B Print rences Determine the value of the ending inventory using the lower-of-cost-or-mar item and (2) the inventory in aggregate. Ending Inventory Individual item method Aggregate method Require