The Jewel Fool had the following inventory items on hand at the end of the year Quantity cost per Item Bracelets Necklaces 20 70 $80 45 Value per Item $75 Determine the lower of cost or marketet realizable volue per unit and the total amount that should be reported on the balance sheet for each item of inventory Lower of Contor Market por Unit Total Amount Reported Necklaces Bracelets Total