Bb Chapter 5 Homework Assignme Question 8 - Chapter 5 Homew X M Registration | McGraw Hill X Upbeat Study Music - Deep ( x Bb My Grades - MGT-385-05-Spr X C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fc... Q Update : Chapter 5 Homework Assignment Saved Help Save & Exit Submit Check my work 8 The following information pertains to Hagen Metal Works' ending inventory for the current year. Unit Market 10 Item Quantity Unit Cost Value points C 140 $13 $11 130 15 46 26 13 Book Required a. Determine the value of the ending inventory using the lower-of-cost-or-market rule applied to (1) each individual inventory item and (2) the inventory in aggregate. Hint b. Prepare any necessary journal entries, assuming the decline in value is immaterial, using the (1) individual method and (2) aggregate method. Hagen Metal Works uses the perpetual inventory system. Print Complete this question by entering your answers in the tabs below. References Required A Required B Determine the value of the ending inventory using the lower-of-cost-or-market rule applied to (1) each individual inventory item and (2) the inventory in aggregate. Ending Inventory ndividual item method Aggregate method Required A Required B > Grav Bb Chapter 5 Homework Assignme Question 8 - Chapter 5 Homew X M Registration | McGraw Hill X Upbeat Study Music - Deep ( x Bb My Grades - MGT-385-05-Spr X C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253%252F%252Fconnect.mheducation.com%252Fc... Q Update : Chapter 5 Homework Assignment Saved Help Save & Exit Submit Check my work 8 The following information pertains to Hagen Metal Works' ending inventory for the current year. Unit Market 10 Item Quantity Unit Cost Value C 140 points $13 $11 130 15 46 26 13 Book Required a. Determine the value of the ending inventory using the lower-of-cost-or-market rule applied to (1) each individual inventory item and (2) the inventory in aggregate. Hint b. Prepare any necessary journal entries, assuming the decline in value is immaterial, using the (1) individual method and (2) aggregate method. Hagen Metal Works uses the perpetual inventory system. Print Complete this question by entering your answers in the tabs below. References Required A Required B Prepare any necessary journal entries, assuming the decline in value is immaterial, using the (1) individual method and (2) aggregate method. Hagen Metal Works uses the perpetual inventory system. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record entry for cost of goods sold using individual item method. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal Bb Chapter 5 Homework Assignme Question 8 - Chapter 5 Homew X M Registration | McGraw Hill X Upbeat Study Music - Deep ( x Bb My Grades - MGT-385-05-Spr X C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253%252F%252Fconnect.mheducation.com%252Fc... Q Update : Chapter 5 Homework Assignment Saved Help Save & Exit Submit Check my work 8 The following information pertains to Hagen Metal Works' ending inventory for the current year. Unit Market 10 Item Quantity Unit Cost Value points C 140 $13 $11 130 15 46 26 13 Book Required a. Determine the value of the ending inventory using the lower-of-cost-or-market rule applied to (1) each individual inventory item and (2) the inventory in aggregate. Hint b. Prepare any necessary journal entries, assuming the decline in value is immaterial, using the (1) individual method and (2) aggregate method. Hagen Metal Works uses the perpetual inventory system. Print Complete this question by entering your answers in the tabs below. References Required A Required B Prepare any necessary journal entries, assuming the decline in value is immaterial, using the (1) individual method and (2) aggregate method. Hagen Metal Works uses the perpetual inventory system. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet