476 Chapter 9 Inventories: Additional Valuation Issues EXERCISES E9-1 LO1 EXCEL LCNRV) The inventory of Oheto Company on December 31, 2017, consists of the following item E9-1 (LO1) EXCEL (LCNRV) The inventory of Oheto Company on Cost per Unit $ 95 60 80 170 Net Realizable Value $100 52 76 180 208 Part 110 Quantity 112 113 120 121 122 1,000 500 200 400 1,600 300 16 240 Part No. 121 is obsolete and has a realizable value of $1 each as scrap. Instructions 1. Determine the inventory as of December 31, 2017, by the LCNRV method, applying this method to each item 2. Determine the inventory by the LCNRV method, applying the method to the total of the inventory