The fnllowina information pertains to Hagen Metal Works' ending inventory for the current year: Required o. Determine the value of the ending irventory using the lowet-of-cost-ot-market rule applied to (1) each individual inventory item and (2) the inventory in aggregate b. Prepare any necessary journal entries, assuming the decine in value is immaterial, using the (1) individual method and (2) aggregate method. Hagen Netal Works tses the perpetual inventory system. Complete this question by entering your answers in the tabs below. Determine the value of the ending inventory using the lower-of-cost-or-matket rule applied to (1) each individual inventory item and (2) the inventory in aggregate. Prepare any necessary journal entries, assuming the decline in value is immaterial, using the (1) individual method and (2) aggri method. Hagen Metal Works uses the perpetual inventory system. (If no entry is required for a transaction/event, select "No four entry required" in the first account field.) Journal entry worksheet Record entry for cost of goods sold using individual item method