The following information pertains to Hagen Metal Work's ending inventory for the current year: Unit Market Value Item D Quantity 120 110 42 US (Cost 11 13 9 6 11 10 11 M Required o. 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 method Aggregate method 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