Lower of Cost or Net Realizable Value The accountant for Murphy Company prepared the following analysis of its inventory at year end: Item Units Cost per Unit Net Realizable Value RSK-89013 530 $38 $44 LKW-91247 329 49 45 QEC-57429 462 25 33 Required: Question Content Area 1. Compute the carrying value of the ending inventory using the lower of cost or net realizable value rule applied on an item-by-item basis. $fill in the blank 667ffd012ff6045_1 Question Content Area 2. Prepare the journal entry r