Question 1 The inventory of Carla Vista Company on December 31, 2020, consists of the following items. Cost per Part A419 A435 A545 A615 A721 A885 Quantity 4,400 3,740 8,888 6,600 9,680 12,320 8,096 unit $11 8 7 10 9 14 6 Net Realizable Value $18 6 11 7 10 18 A999 a 1 a Part No. 1999 is obsolete and has a realizable value of $1 each as scrap.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 (b) Determine the inventory by the LCNRV method, applying the method to the total the inventory. Inventory as of December 31, 2020 $