he following information is from Guccii Companys individual inventory items as of December 31, 2020.

Inventory	Quantity	Cost per Unit	Net Realizable Value per Unit
Classification:Premium
Item 1	152	$180	$185
Item 2	285	100	98
Item 3	380	165	175
Item 4	266	158	120
Classification: Classic
Item 5	190	100	98
Item 6	95	90	95
Item 7	950	105	115
Item 8	532	80	75

Required

a. Calculate lower-of-cost-or-net realizable value of Guccii's December 31, 2020, inventory applying the rule to each individual item.

b. Calculate lower-of-cost-or-net realizable value of Guccii's December 31, 2020, inventory applying the rule by inventory category.

c. Calculate lower-of-cost-or-net realizable value of Guccii's December 31, 2020, inventory applying the rule to total inventory.