Fine Leather Ltd. had the following inventory at December 31, 2017: Per Unit Net Realizable Quantity Cost Value 35 $ 170 215 Item Leather blazers Model 154 Model 160 Model 165 Handbags Model 11 Model 12 Model 13 30 12 $ 180 203 274 260 60 54 25 44 59 71 42 55 69 Required: 1. Determine the value of ending inventory that should be reported on the statement of financial position by applying the LC&NRV rule to, a. Each item of inventory b. Each major category of inventory c. Total inventory The value of ending a. inventory b. The value of ending inventory The value of ending inventory C