Determining Lower of Cost or Net Realizable Value (NRV) Crane Company had the following inventory at December 31, 2017. Unit Price Quantity Cost NRV Desks Model 9001 71 $190 $210 46 280 268 Model 9002 Model 9003 21 350 360 Cabinets Model 7001 121 60 64 Model 7002 81 95 88 Model 7003 51 130 126 a. Determine the ending inventory amount by applying the net realizable value rule to: 1. Each item of inventory. $ 53,982 2. Each major category of inventory. $ 21,298 x 3. Total inventory. $ 55,018 X