Determine the proper total inventory value for each of the following items in Erik Companys ending inventory: a. Erik has 200 rolls of camera film that have become obsolete with the advent of digital cameras. The films cost $1.65 each and are normally sold for $3.30. To clear out these old films, Erik will drop their selling price to $0.99. There are no related selling costs. b. Erik has four cameras in stock that have been used as demonstration models. The cameras cost $380 and normally sell for $480. Because these cameras are in used condition, Erik has set the selling price at $360 each. Expected selling costs are $10 per camera. New models of the camera, already on order, will cost Erik $400 and will sell for $520.

	Final inventory value
a.
b.