Question 2 At the end of the year, Lonsdale Company's accounting records showed that they had 200 items in stock at a FIFO cost of $20 each. These normally sell for $25 each. The physical inventory count found only 190 items. What is the amount of an adjustment, if any, that must be made to the value of the inventory at year-end? Enter digits only, with no commas, decimal points, or dollar signs. Type 0 if no adjustment is needed.

question 3 At the end of the year, Merton Company's accounting records showed that they had 125 items in stock at a FIFO cost of $5 each. These normally sell for $10 each. Due to increased competition, these items can now be sold for only $4 each. What is the amount of an adjustment, if any, that must be made to the value of the inventory at year-end? Enter digits only, with no commas, decimal points, or dollar signs. Type 0 if no adjustment is needed.