Waterproof Boot Company manufactures two types of boots-rain boots and snow boots Information related to both products is presented in the following table Click the icon to view the data) Determine the ending inventory value per unit using the lower-of-cost or market rule assuming that waterproof Boot uses LIFO for costing purposes and the group by-group approach to LCM Assume that Waterproof Boot Company is a US GAAP reporter) Segmly completing the table below to identity the market value for each group and to determine the ending inventory value per unit using the wor-of-cost or market LIFO Market Lower of Cost Cost Value or Market Group Asin boots Sexw boots Data table -X Enter a "no LCM loss adjustment is required) Current Assumn Waterproof Boot Company uses the group-by-group approach for LCM Computations window to market is required for the rain boots under US GAAP per unit Group Normal Profit Margin Cost Replacement Cost S 73 86 Selling Price 5 97 111 Rain Disposal Costs $ 29 22 S 17 5 57 Erorit LCM 10 adjustment is required) Snow 19 89 Assuming Waterproof Boot Company uses the group-by-group approach for LCM computations, write down to market is required for the snow bools under US GAAP per unit Print Done