Fine Leather Ltd. had the following inventory at December 31, 2017: Per Unit Item Quantity Cost Net Realizable Value Leather blazers Model 154 35 Model 160 Model 165 Handbags Model 11 Model 12 Model 13 NUO NG $ 150 $ 165 205 187 12 260 270 60 40 40 50 55 51 25 69 67 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. b. inventory The value of ending inventory The value of ending C. inventory