mework So A physical inventory of Liverpool Company taken at December 31 reveals the following Units Per Unit Cost Market 345 250 326 204 5.90 31 36 52 $ 98 100 95 41 Item Can audio equipment Speakers Stereos Amplifiers Subwoofers Security equipment Alarm Locks Cameras Binocular equipment Tripods Stabilizers 480 291 212 15e 93 310 1125 34 322 185 170 20 97 185 Required: 1. Compute the lower of cost or market for the inventory applied separately to each item 2. If the market amount is less than the recorded cost of the inventory, then record the LCM adjustment to account Complete this question by entering your answers in the tabs below, Required Required 2 Compute the lower of cost or market for the inventory applied separately to each item. Per Tocal tom Units Cost LCM applied to Individu TE Mart Cost 345 590.00 S 9800 250 11100 10000 226 06.00 95.00 204 52.00 4100 Car audio soment Son Sie Ames Sabres Secuntyocument Alam Looks Cameras Binocular equipment Thoot 480 291 350,00 93.00 310.00 125.00 5400 122.00 185 To 70 DO 9700 SA 10500 Seve ork 212 B1 322 Cameras Binocular equipment Tripods Stabilizers 185 17e 70 92 3 105 Required: 1. Compute the lower of cost or market for the inventory applied separately to each item. 2. If the market amount is less than the recorded cost of the inventory, then record the LCM adjust account Complete this question by entering your answers in the tabs below. Required 1 Required 2 If the market amount is less than the recorded cost of the inventory, then record the LCM adjustment account. View transaction lit Journal entry worksheet 1 Record LCM adjustment. Motor de toe dit General Journal Debit Datu December 31 Credit Recorder Clasantry View general Journal