Metlock, Inc. values its inventory at the lower-of-LIFO-cost-or-market. The following information is available from the company's inventory records as of December 31, 2020 Item X490 X512 X682 2195 2846 Quantity 10,608 5.148 18,720 13,000 8.944 Unit Cost $13.00 7.28 19.76 14.82 12.48 Replacement Cost/Unit $12.43 7.80 19.34 14.56 13.26 Estimated Selling Price/Unit $14.56 9.26 32.81 20,59 14,51 Completion & Disposal Cost/Unit $3.12 0.26 3.38 1.46 2.18 Normal Profit Margin/Unit $3.54 187 9.36 5.98 1.14 Show the journal entries Metlock, Inc. will need to make in order to write down the ending inventory from cost to market. Assume this is Metlock's first year of operations. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275.) Debit Credit Account Titles and Explanation Cost of Goods sold Method: Loss method