nces The following information pertains to Hagen Metal Works' ending inventory for the current year. Item C D K M Required Quantity 310 300 80 77 Unit Cost $12 14 10 7 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. Required A Required B Complete this question by entering your answers in the tabs below. Unit Market Value $8 11 14 10 Individual item method Aggregate method 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 Required A Required B >

The following information pertains to Hagen Metal Works' ending inventory for the current year. Required 0. Determine the value of the ending inventory using the lower-of-cost-or-market rule applied to (T) 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. Determine the value of the ending inventory using tha lower-of-cost-or market rule applied to (1) each indlvidual inventory. item and (2) the inventory in aggregate