The Jewel Fool had the following inventory items on hand at the end of the year Quantity Cost per Ite Value per Item Necklaces Bracelets 10 50 $78 43 $ 73 63 Determine the lower of cost or marketet realizable value per unit and the total amount that should be reported on the balance sheet for each item of inventory. Lower of Cost or Total Amount Market per Unit Reported Necklaces Bracelets Total