The Twinkster Company has six different categories of inventory. Quantity, cost, market value for each inventory category is shown below: 15. Item Quantity Cost Per Unit Market Value 750 800 545 325 125 25 $6.30 er Unit $6.25 $10.00 $11.50 $30.00 $52.60 $70.00 $8.45 $13.00 $32.45 $50.75 $65.00 The company carries inventory at lower-of-cost-or-market applied to each individual category. Required: (a) Determined the value of ending inventory after applying the lower-of-cost-or-market rule (b) Prepare the journal entry required to adjust inventory