Sage Hill, Inc. values its inventory at the lower-of-LIFO-cost-or-market. The following information is available from the company's inventory records as of December 31, 2020. Estimated Item Quantity Unit Cost Replacement Cost/Unit Selling Price/Unit Completion & Disposal Cost/Unit Normal Profit Margin/Unit X490 8,364 $10.25 $9.80 $1148 $2.46 $2.79 X512 4,059 5.74 6.15 7.30 0.21 148 X682 14,760 15.58 15.25 25.87 2.67 7.38 Z195 10,250 11.69 11.48 16.24 115 4.72 Z846 7,052 9.84 10.46 1144 172 0.90 Calculate the lower-of-cost-or-market using the individual-item approach. (Round answers to 2 decimal places, e.g. 52.75.) Lower-of-Cost-or-Market (Per unit basis) X490 $ X512 $ X682 (A $ X195 $ X846 (A $ eTextbook and Media List of Accounts Show the journal entries Sage Hill, Inc. will need to make in order to write down the ending inventory from cost to market. Assume this is Sage Hill's first year of operations. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to O decimal places, e.g. 5,275.) Account Titles and Explanation Cost of Goods sold Method: Debit Credit Loss method