a. Determine the inventory as of December 31, 2020, by the LCNRV method, applying this method to each item. b. Determine the inventory by the LCNRV method, applying the method to the total of the inventory. E9.2 (LO 1) (LCNRV) Riegel 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 F D $120 E $110 I $90 $110 $95 80 $90 36 Estimated selling price Cost Cost to complete Selling costs 80 30 10 Instructions 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. E9.3 (LO 1) (LCNRV) Sedato Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis