Question 4 of 4 072 Part No. Quantity Cost per Unit Net Realizable Value per Unit 110 528 $84 $88 111 880 52 46 112 440 72 69 113 176 148 160 120 352 180 170 121 a 1,408 17 1 122 264 212 208 a Part No. 121 is obsolete and has a realizable value of $1 each as scrap. (a) X Your answer is incorrect. Determine the inventory as of December 31, 2022, by the LCNRV method, applying this method to each item. Inventory as of December 31, 2022 $ 260920