Question 1 of 11 The inventory of Oriole Company on December 31, 2020, consists of the following items. Part Quantity Cost per Unit Net Realizable Value 110 630 $132.00 $139.00 111 1,000 83.40 72.00 112 510 111.20 106.00 113 200 236.30 250.20 120 400 285.00 289.00 121 1,600 22.00 1.00 122 300 333.60 327.och Part No. 121 is obsolete and has a realizable value of $1.00 each as scrap. (a) Determine the inventory as of December 31, 2020. by the LCNRV method, applying this method to each item EUR 121 a 1,600 1.00 22.00 333.60 122 300 327.00 Part No. 121 is obsolete and has a realizable value of $1.00 each as scrap.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 $ 465,180 (b) Determine the inventory by the LCNRV method, applying the method to the total of the inventory Inventory as of December 31, 2020 $ 478.970 e Textbook and Media Attempts: 2 of 3 used a