135. The Rowe Company has six different categories of inventory. Quantity, cost, market value for each inventory category is shown below a) Determine the value of ending inventory after applying the...

135. The Rowe Company has six different categories of inventory. Quantity, cost, market value for each inventory category is shown below

a) Determine the value of ending inventory after applying the lower-of-cost-or-market rule to each individual category of inventory.

b) Determine the value of ending inventory after applying the lower-of-cost-or-market rule to inventory in aggregate.

c) Prepare the journal entry, if required, to adjust inventory for part a above.

d) Prepare the journal entry, if required, to adjust inventory for part b above.