The May 31, 20X3, inventory records of Carson's Supply Center show the data below. Unit Price Item Automotive: Mufflers Batteries Oil filters Lawn furniture: Chairs Tables Swings Garden tools: Rakes Shovels Hoes Quantity 52 2 3 2 33 7 85 77 42 73 42 27 62 72 Cost $18.00 14.00 2.50 8.00 10.00 12.50 3.50 3.25 3.50 Market $17.50 14.25 2.40 7.75 10.50 13.00 3.25 3.50 3.25 REQUIRED: Using the work sheet at the back of this unit, compute the dollar amount of the ending inventory at the lower of cost or market value, and then answer questions 4 through 6. In computing the dollar amounts, you should apply the following methods: 1) Item-by-item method 2) Group method 3) Total inventory method 4. The inventory valuation as calculated under the item-by-item (each item) method is? 5. The inventory valuation as calculated under the group (each category) method is? 6. The inventory valuation as calculated under the total inventory method is?