The following information pertains to Hagen Metal Work's ending inventory for the current year, Item D M Quantity 180 170 54 38 Unit Cost $ 11 13 9 6 Unit Market Value $ 10 10 11 10 Required a. Determine the value of the ending inventory using the lower-of-cost-or-market rule applied to (1) each indiv (2) the inventory in aggregate. Ending Inventory Individual item method Aggregate method b. Prepare any necessary journal entries, assuming the decline in value is immaterial, using the (1) individual meth method. Hagen Metal Works uses the perpetual inventory system. (If no entry is required for a transaction/event entry required in the first account field.) View transaction list Journal entry worksheet 2 >