ABC shows the following information. ITEM UNITS COST NRV TOTAL TOTAL COST NRV A General 550 $15 $23 $8,250 $12,650 B General 400 $26 $43 $10,400 $17,200 C Superior 850 $10 $9 $8,500 $7,650 D Superior 620 $24 $40 $14,880 $24,800 INSTRUCTIONS: Use IFRS only Using Individual Items Analysis 1. Determine the amount of the loss (if any). 2. Determine the value of Total Inventory. Using Group Item Analysis 1. Determine the Loss if any. 2. Determine the Valuation of Total Inventory. ITEM UNITS COST NRV TOTAL TOTAL COST NRV A General 550 $15 $23 $8,250 $12,650 B General 400 $26 $43 $10,400 $17,200 C Superior 850 $9 $8,500 $7,650 D Superior 620 $24 $40 $14,880 $24,800 $10