Calculating Lower$-$of Cost$-$or$-$Net Realizable Value

The following information is from Guccii Company$$s individual inventory items as of December $31.$

Inventory Quantity Cost per Unit Net Realizable Value per Unit

Classification:Premium

Item $1152$ $$180$ $$185$

Item $228510098$

Item $3380165175$

Item $4266158120$

Classification: Classic

Item $519010098$

Item $6959095$

Item $7950105115$

Item $85328075$

Required

a$.$ Calculate lower$-$of$-$cost$-$or$-$net realizable value of Guccii's December $31$ inventory applying the rule to each individual item. $Answer

$0$

b$.$ Calculate lower$-$of$-$cost$-$or$-$net realizable value of Guccii's December $31$ inventory applying the rule by inventory category. $Answer

$0$

c$.$ Calculate lower$-$of$-$cost$-$or$-$net realizable value of Guccii's December $31$ inventory applying the rule to total inventory. $Answer

$0$