Tamarisk Company signed a long-term noncancelable purchase commitment with a major supplier to purchase raw materials in 2021 at a cost of $989,000. At December 31, 2021, the raw materials to be purchased have a market value of $943,500. Prepare any necessary December 31, 2021 entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) Credit Debit Date Account Titles and Explanation Dec. 31 e Textbook and Media Sunland Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2020, consists of products D, E, F, G, H, and I. Relevant per unit data for these products appear below. Item D Item E Item F Item G Item H Item 1 Estimated selling price $ 137 $ 125 $ 108 $ 103 $ 125 $ 103 Cost 86 91 91 91 57 41 Cost to complete 34 34 29 40 34 34 Selling costs 11 21 11 23 11 23 Using the LCNRV rule, determine the proper unit value for balance sheet reporting purposes at December 31, 2020, for each of the inventory items above. Item D $ Item E $ Item F $ Item G Item H $ Item 1 $