Rebar Company prepared the following analysis of its year-end inventory on December 31. First, determine the total lower of cost or market value for each product in Rebar Company's inventory. Second, prepare the journal entry needed at year-end to value the inventory at LCM, if applicable.

		Historical Cost	Replacement Cost
Product	Quantity	per unit	per unit
A	17	$430	$499
B	140	325	299
C	38	75	69