Homework Chapter 56 3 P=0&launchUrl=https%253A%252F%252Flms.mheducation.com% The following information pertains to Hagen Metal Work's ending inventory for the current year. Unit 5 Item Quantity points C D K M #8232 Cost Unit Market Value 90 $24 $ 16 75 22 20 40 25 28 22 15 17 Saved eBook Print References 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. b. Calculate the adjustment required under both methods, assuming the decline in value is immaterial. Complete this question by entering your answers in the tabs below. 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. 1. Individual item method 2. Aggregate method Ending Inventory Required A Required 3> 4 < Prev 3 of 4 Next > Homework Chapter 5 3 The following information pertains to Hagen Metal Work's ending inventory for the current year Unit Unit Market 5 Item Quantity Cost Value points C 90 $ 24 $16 D 75 22 20 K 40 25 28 M 22 15 17 Saved eBook Print References 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 b. Calculate the adjustment required under both methods, assuming the decline in value is immaterial Complete this question by entering your answers in the tabs below. Required A Required B Calculate the adjustment required under both methods, assuming the decline in value is immaterial, 1. Individual item method 2. Aggregate method Adjustment