CHAPTER 5 EX. Help Se You received partial credit in the previous attempt. 7 Check my work The following Information pertains to Hagen Metal Work's ending Inventory for the current year Unit Unit Item Quantity CostMarket Value oints 130 128 s 12 14 18 s1e 12 23 12 t Required References . Determine the value of the ending inventory using the lower-of-cost-or-market rule applied to () each individual inventory item and (2) the inventory in aggregate. Individual item method Aggregate method 3.341 500 b. Prepare any necessary journal entries, assuming the decline in value is immaterial using the () Indvidual 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.) Navt