The following information is taken from Bellows Corporation's inventory records

Women's Apparel Men's Apparel Children's Apparel

Selling price $180,000 $140,000 $120,000

Cost 128,000 133,000 90,000

Replacement cost 120,000 130,000 110,000

Selling costs 18,000 14,000 12,000

Normal profit margin is 20% of the selling price.

What is the correct inventory value for each product using the lower of cost or market? Product Cost Women's Apparel Men's Apparel

Children's Apparel Prepare any journal entries required to write down the inventory value.