Metlock Company sells three different categories of tools (small, medium, and large). The cost and net realizable value of its inventory of tools are as follows: (a) Determine the lower of cost and net realizable value of the ending inventory assuming Metlock Company applies LCNRV on individual items. Determine the lower of cost and net realizable value of the ending inventory assuming Metlock Company applies LCNRV on individual items. Lower of cost and net realizable value Attempts: 0 of 1 used