he inventory of Sandhill Company on December 31, 2020, consists of the following items.

Part			Quantity		Cost per unit			Net Realizable Value
A419			4,600		$11			$19
A435			3,910		8			6
A545			9,292		7			11
A615			6,900		10			7
A721			10,120		9			10
A885			12,880		15			18
A999	a		8,464		6			1

^a Part No. A999 is obsolete and has a realizable value of $1 each as scrap. (a) Determine the inventory as of December 31, 2020, by the LCNRV method, applying this method to each item.

Inventory as of December 31, 2020

$enter the dollar amount of inventory at December 31, 2017

(b) Determine the inventory by the LCNRV method, applying the method to the total of the inventory.

Inventory as of December 31, 2020

$enter the dollar amount of inventory at December 31, 2017