The following information pertains to Hagen Metal Work's ending inventory for the current year: Unit Unit Market Item Quantity Cost Value C 90 $ 24 $ 16 D 75 22 20 K 40 25 28 M 22 15 17 Required a. Determine the value of the ending inventory using the lower-of-cost-or-market rule applied to (1) each individual inventory item a (2) the inventory in aggregate. b. Calculate the adjustment required under both methods, assuming the decline in value is immaterial. Complete this question by entering your answers in the tabs below. Required A Required B Calculate the adjustment required under both methods, assuming the decline in value is immaterial. Adjustment 1. Individual item method 2. Aggregate method 870 < Required A Required B