Fine Leather Ltd. had the following inventory at December 31, 2017: Per Unit Net Realizable Value Cost Item Quantity Leather blazers Model 154 45 Model 160 40 Model 165 14 Handbags Model 11 60 Model 12 66 Model 13 25 $230 245 270 $245 233 276 56 71 77 48 64 75 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 a. The value of ending inventory The value of ending inventory The value of ending inventory C