Halicon Ltd. applies the lower of cost or NRV valuation to inventory. The companys inventory at the end of the year is as follows:

		Per Unit
Inventory Classification	Quantity	Cost		Net Realizable Value
Class 1:
Halicon basic models	50	$	100	$	120
Halican super models	30		150		140
Class 2:
Private brandregular	120		90		100
Private branddeluxe	60		130		140
Private brandsuper deluxe	40		200		150

Required: Determine the amount of any adjustment that is required to inventory under each of the following valuation methods: (Enter all amounts as positive values.) 1. By individual type of item. 2. By class of inventory.