Three Stooges Industries reports inventory using the lower-of-cost-or-market method ("LCM"). At the end of the year the company's inventory situation was as follows: Market per unit ($) 20 Product Larry Moe Curly Cost Quantity per unit ($) 500 20 650 35 240 10 37 9 Determine the amount to be reported for year-end LCM inventory: 34910 Determine the amount of the LCM adjustment Three Stooges needs to record to report inventory at LCM: 240