Perez Animal Feeds has developed the following data for lower-of-cost-or-market valuation for its inventory products: Cost Market Large Animals: Cattle $400,000 $380,000 Horse 875,000 920,000 Small Animals: Cat 550,000 700,000 Dog 90,000 165,000 Ferret 280,000 245,000 Required: Determine the amount of inventory to appear in the balance sheet assuming LCM applied to: Individual item approach 2. Group by group approach 3. Total inventory approach