The following information pertains to Hagen Metal Works' ending ifventory for the current year. Required 0. Determine the value of the ending inventory using the lower-of-cost-or-market rule applied to (i) each individual inventory item and (2) the inventory in aggregate: b. Prepare any necessary joumal entries, assuming the decine in value is immaterial, using the (1) individual method and (2) aggregate method Hagen Metal Works uses 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-market rule applied to (1) each individual inventory item and (2) the inventory in aggregate