Please answer required questions

As part of a strategic restructuring, Greyson Company recently assessed its inventory and compared it to its replacement cost. Greyson determined the following information: Replacement Inventory Cost Cost $29,000 $25,500 Item A $45,600 $46,200 Item B $77,000 $79,200 Item C $49,300 $47,900 Item D $33,000 $32,600 Item E Required: highlight or mark your At what amount should Greyson report each item? (You can answers on the chart above) At what amount should Greyson report its total inventory? 3. Prepare the journal entry to write down the inventory to the appropriate value, if applicable. 1. 2