need help with #1 and #2

Exercise 6-56 (Algorithmic) Lower of Cost or Market Han Sales and Services has the following data for the items its inventory at the end of the accounting period: Item Number Historical Selling Price Disposal of Units Cost per Unit per Unit Costs Window air conditioner 28 $194 $50 $110 Dishwasher 34 270 380 30 Refrigerator 36 382 605 25 19 180 15 Microwave 215 Washer (clothing) 36 190 290 40 Dryer (clothing) 23 168 245 50 Required: 1. Compute the carrying value of ending inventory using the lower of cost or market rule applied on an item-by-item basis. Feedback Y Check My Work lower, the inventory account is adjusted. Compare actual cost of inventory to its market value. The lower amount is the value of inventory. If market value 2. Prepare the journal entry required to value the inventory at lower of cost or market. Cost of Goods Sold Inventory