The following information pertains to Hagen Metal Work's ending inventory for the current year Item C D K M Quantity 250 240 68 59 Unit Cost $ 12 14 10 2 Unit Market Value $ 9 13 13 13 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 Ending Inventory Individual item method Aggregatomothod Check my work 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record entry for cost of goods sold using individual item method. rences Note: Enter Gebits before credits Event General Journal Debit Credit 1 Journal entry worksheet