please show wirk if possible

A physical inventory of Liverpool Company taken at December 31 reveals the following. Units Per Unit Cost Market 338 253 319 197 $ 93 114 89 55 $101 103 98 44 Item Car audio equipment Speakers Stereos Amplifiers Subwoofers Security equipment Alarms Locks Cameras Binocular equipmat Tripods Stabilizers 128 473 284 205 153 96 313 87 325 87 178 163 73 100 108 Required: 1. Calculate the lower of cost or market for the inventory applied separately to each item. 2. If the market amount is less than the recorded cost of the inventory, then record the LCM adjustment to the Merchandise Inventory account Calculate the lower of cost or market for the inventory applied separately to each item. Per Unit Total LCM applied to: Individual Items Item Units Cost Market Cost Market 338 $ 93 $ 101 253 114 103 319 89 + 98 197 55 44 Car audio equipment Speakers Stereos Amplifiers Subwoofers Security equipment Alarms Locks Cameras Binocular equipment Tripods Stabilizers 473 153 128 284 96 87 205 313 325 178 73 87 163 100 108 Total If the market amount is less than the recorded cost of the inventory, then record the LCM adjustment to the Merchandise Inventory account. View transaction list Journal entry worksheet 1 Record LCM adjustment. Note: Enter debits before credits General Journal Debit Credit Date Dec 31