Question 1 10 Your Company carries inventory at the lower of cost or market. Using the information below, what is the adjustment needed to the inventory account? Item Units A 350 Inventory market cost value $30 $28 $160 $150 $65 $70 $87 $85 B 350 154 600 D O $4,700 debit O $5,400 debit $4,700 credit O $4,200 debit $4,200 credit $5,400 credit