Exercise O Your assistant has compiled the following data:

Quantity Unit Unit Total Total Item (units) Cost Market Cost Market A 300 $ 57.60 $ 55.20 $17,280 $16,560 B 300 28.80 33.60 8,640 10,080 C 900 21.60 21.60 19,440 19,440 D 500 12.00 13.20 6,000 6,600 Calculate the dollar amount of the ending inventory using the LCM method, applied on an item-byitem basis, and the amount of the decline from cost to lower-of-cost-or-market.