Required: 1. compute the carrying value of the ending inventory using the lower of cost or market method applied on an item-by-item basis. $ feedback 1. compare actual cost of inventory to its market value. the lower amount is the value of inventory. if market value is lower, the inventory account is adjusted. 2. prepare the journal entry required to value the inventory at lower of cost or market.

Greenway industries is a major multinational conglomerate. its business units compete in a range of industries, including home appliances, pharmaceuticals, commercial real estate, and plastics manufacturing. although its largest business unit, which produces kitchen appliances, is among the most profitable in the industry, it generates only 35 percent of the company's revenues. which of the following is most likely true of greenway's stock price? a. it is valued at less than the sum of its individual business units. b. it is valued at greater than the sum of individual business units. c. it is valued at the exact sum of individual business units. d. it is consistently lower than the industry average.it is valued at greater than the sum of individual business units.