Peterson Furniture Designs is preparing the annual financial statements dated December 31. 2009 Ending inventory information about the five major items stocked for regular sale follows: Complete the final two columns erf the table (Omit the "$" sign in your response.) Compute the amount that should be reported for the 2009 ending inventory using the LCM rule applied to each item. (Omit the "$" sign in your response.) Prepare the journal entry that Peterson Furniture Designs would record on December 31. 2009 (Omit the "$" sign in your response.)