The Jewel Fool had the following inventory items on hand at the end of the year. Necklaces Bracelets Value per Quantity 15 60 Cost per Item $ 79 44 Item $ 74 64 Determine the lower of cost or market/net realizable value per unit and the total amount that should be reported on the balance sheet for each item of inventory. Necklaces Bracelets Total Lower of Cost or Market per Unit Total Amount Reported $ 0