(b) Determine the inventory as at December 31, 2020, by the lower of cost and net realizable value method, applying the method t the total of the inventory. Inventory as at December 31, 2020 (b) Determine the inventory as at December 31, 2020, by the lower of cost and net realizable value method, applying the method t the total of the inventory. Inventory as at December 31, 2020 The inventory of Bramble Company on December 31, 2020, consists of the following items. Part No. Quantity Cost per Unit NRV 110 700 $80 $110 111 1,030 60 52 112 460 90 66 113 260 170 180 120 490 195 208 121 1,410 13 0.20 122 250 250 235 *Part No. 121 is obsolete and has a realizable value of $0.20 each as scrap. (a) Determine the inventory as at December 31, 2020, by the lower of cost and net realizable value method, applying this method directly to each item. Inventory as at December 31, 2020 $