Practice Exercise 9-1 The inventory of Cullumber Company on December 31, 2017, consists of the following items, Part A419 A435 A545 1515 1721 ABS 1999 Cost per Quantity unit 3,200 $8.00 2,720 6.00 6,464 5.00 4,800 7.00 7,040 6.00 3.960 10.00 5,888 4.00 Net Realizable Value $13.00 4.00 8.00 5.00 7.00 13.00 1.00 Part No: 4999 is obsolete and has a realizable value of $1 each as scrap (a) Determine the inventory as of December 31, 2017 by the LONELY method, applying this method to each item Inventory of December 31, 2017 $ (6) mine the inventory by the LCNRV method, polving the method to the total of the inventory Inventory as of December 31, 2017 Click if you would like to show Work for this question Doc Show O c Topn her to search 10 M % 5 & 7 8 9 0 3 6 T o E. U R Y E W S F H G D J K L