The following information pertains to Hagen Metal Works' ending inventory for the current year. Item C D K M Quentity Unit Cost 90 $ 24 75 22 40 25 22 15 Unit Market Value 5 16 20 28 17 BOOK PE erences Required a. 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 b. Prepare any necessary journal entries, assuming the decline 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. Required A Required Prepare any necessary Journal entries, assuming the decline in value is immaterial, using the (1) individual method and (2) aggregate method. Hagen Metal Works uses the perpetual inventory system. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction ist aw Record entry for cost of goods sold using aggregate method. Note: Enter debits before credits. General Journal Debit Credit Event 2 w Record entry Clear entry View general journal Record entry for cost of goods sold using aggregate method. Note: Enter debits before credits. General Journal Debit Credit Event 2 w Record entry Clear entry View general journal