Exercise 9-1 The inventory of Windsor Company on December 31, 2017, consists of the following items. Part Quantity Cost per Unit Net Realizable Value 110 620 $117 $123 111 920 74 112 530 98 93 113 190 209 120 370 256 121a 1,700 122 330 295 289 221 a Part No. 121 is obsolete and has a realizable value of $1 each as scrap. (a) Determine the inventory as of December 31, 2017, by the LCNRV method, applying this method to each item. Inventory as of December 31, 2017 (b) Determine the inventory by the LCNRV method, applying the method to the total of the inventory. Inventory as of December 31, 2017 Click if you would like to Show Work for this question: Open Show Work