Fine Leather Ltd. had the following inventory at December 31, 2017: Per Unit Net Realizable Item Quantity Cost Value Leather blazers Model 154 Model 160 40 Model 165 Handbags Model 11 Model 12 Model 13 522 678 55 $270 $285 265 247 20 280 292 60 64 74 79 25 81 222 52 72 79 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 The value of ending b. inventory The value of ending C. inventory 2. Not available in Connect. < Prev 2 of 5 Next >