P6-7B	Lower-of-Cost-or-Market (LCM) Method The Crane Company had the following inventory at
	year-end:
					Unit Price
				Quantity	Cost		Market
	Desks
		Model 9001		70	$190		$215
		Model 9002		45	310		268
		Model 9003		20	345		360
	Cabinets
		Model 7001		120	60		68
		Model 7002		80	95		85
		Model 7003		50	135		126
	Required
		Determine the value of ending inventory after applying the lower-of-cost-or-market method to
		each item of inventory.
				Unit Price			Inventory Amounts			LCM
	Item		Quantity	Cost	Market		Cost	Market		(by item)
	Desks
		Model 9001
		Model 9002
		Model 9003
		Total
	Cabinets
		Model 7001
		Model 7002
		Model 7003
		Total
	Total
		Applying the lower-of-cost-or-market method to each item
		of the inventory results in an ending inventory amount of								How would I do this? Thanks