answer and explain these two

Ending Inventory assuming LCM is calculated on by www Name ccounting 204 - Test 2, Chapters 5.6 4. Determine the missing amounts from the INDEPENDENT scenarios belon CASE B $146,000 d 137.000 82.000 e. 16,000 5. Using the information below, determine the proper value for en Bow the CASE A Sales $ 74,000 Sales Returns Net Sales b. ost of Goods Sold 31,000 Joss Profit Operating Expenses 35.000 Net Income 4,000 Answers - b Lower of Cost or Market (LCM). Inventory Cost $ 12,500 15,400 21,200 5,600 11,300 d LC Inventory Class Market Value $ 12.750 14,900 21.050 Fiction Romance Historical Self-Help Dirt and Exercise TOTAL: 6,000 10250