The following information concerns several of the inventory items at DCs:

Description	Quantity			Unit Cost			Net Realizable Value
Department A:
Model DC 225		74		$	18.60		$	17.50
Model DC 364		99			30.45			26.60
Model DC 513		84			29.70			28.20
Department B:
Model AR 137		47			60.70			61.70
Model AR 226		59			98.70			96.65
Model AR 196		48			126.70			124.60

1. Determine the amount of inventory to be reported on the financial statements using the lower of cost or net realizable value method of valuation under lower of cost or net realizable value for each item separately.
2. Determine the amount of inventory to be reported on the financial statements using the lower of cost or net realizable value method of valuation under lower of total cost or total net realizable value.
3. Determine the amount of inventory to be reported on the financial statements using the lower of cost or net realizable value method of valuation under lower of total cost or total net realizable value by department.

(Do not round your intermediate calculations. Round your answers to 2 decimal places.)