On the basis of the following data for Barker Industries as of December 31, 2011, determine:A) the value of the inventory at the lower of cost or market and B) enter the PROPER entry on the Balance Sheet for the ending inventory value listing the flow assumption and costing method. The assumption used to cost the inventory is the FIFO method. Apply lower of cost or market to each inventory item. Do not forget to COMPLETELY fill out the table and to provide a total amount under the Lower of Cost or Market column. Commodity Inventory Unit Unit Lower of Quantity Cost Market Price Price Cost or Market Size 4 9 $17 $19 Size 5 10 17 14 Size 6 14 23 20 Size 7 12 13 15