RSA Corporation had the following items in inventory as at December 31, 2023: (a) Item No. A1 B4 C2 D3 Quantity 100 120 140 160 Unit Cost $3.00 2.00 8.00 7.00 NRV $3.30 1.90 9.00 6.80 Assume that RSA uses a periodic inventory system, and that none of the inventory items can be grouped together for accounting purposes. The opening inventory on January 1, 2023, was $3,245 in total.

RSA Corporation had the following items in inventory as at December 31, 2023: Unit Item No. Quantity Cost NRV 84 2% A1 100 $3.00 $3.30 120 2.00 1.90 C2 140 8.00 9.00 D3 160 7.00 6.80 Assume that RSA uses a periodic inventory system, and that none of the inventory items can be grouped together for accounting purposes. The opening inventory on January 1, 2023, was $3.245 in total. (a)