Required 1-a. Complete the two columns of the table Recorded Market Value LCM per 24. 40 52 30 Quantity on Hand Unit Cost When Acquired (FIFO) Item at Year-End Item Alligator Armoires Bear Bureaus Cougar Credenzas Dingo Cribs Elephant Dressers 50 $ 75 10 30 30$ 40 50 30 1,500 3,000 500 900 6,000 400 1-b. Compute the amount that should be reported for the ending inventory using the LCM rule applied to each item Ending Inventory