Basic inventory data for April 30 are presented below for a business that employs the lower-of-cost-or-market basis of inventory valuation to each category. 
a) Complete the table.
b) Determine the amount of reduction in the inventory at April 30 attributable to market decline.
Definitions:
REM Sleep
A phase of sleep characterized by rapid eye movements, where vivid dreaming often occurs, and considered important for processing emotions and memories.
Slow-Wave Sleep
A deep sleep stage characterized by slow brain waves, where recovery and growth tend to happen.
Conscious Awareness
The state of being awake and aware of one’s surroundings, thoughts, and experiences.
Circadian Rhythms
The regulation of biological cycles into regular, daily patterns.
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