Note: please enter all numbers WITHOUT dollar signs (S) or any decimals (i.e. enter $24,000.00 as 24,000). If the answer is zero or not applicable please enter 0 (a zero). Please use 2 decimals for any calculations. If the final answer you are entering into ulearn includes a decimal please round to the closest whole number (i.e. 2,953.25 would be 2953) Cody Phone Shop Ltd. reports the following cost and net realizable value information for its inventory at December 31 Units Unit NRV Model #123 Model #456 Model #789 Model #321 $175 140 135 115 $160 142 129 120 12 10 Note: the above dollar amounts are per unit. 1. What is Codys ending inventory value if the lower-of-cost-or-market rule is applied on an item-by-item basis? 2. By how much would the inventory account need to be adjusted for, if any, to have the lower of cost and net realizable value in the inventory account