QUESTION 16 RGV Company uses the LONRV method, on an individual-term basis, in pricing its inventory items. The inventory at December 31, 2017, consists of following items. Relevant per unit data for these products appear below Cost Estimated Cost to Complete Item Quantity per Unit Selling Price 1,700 $5.09 $1.81 2.05 1.58 2.07 1,400 1,300 1,500 1,200 1,000 3,500 1.500 2.83 1.33 2.03 5:31 Instructions a. Using the LORV Panthe , determine the proper uit value for balance sheet reporting purposes at December 31, 2017, for each of the inventory items above r a December 31, 2017 A v entory recorded at LONRV and the loss method