The following information is from hawkcompany's individual inventory items as of december 31, 2020

inventory Quantity Cost pe runit Net Realizable

value per Unit

classification: premium

Item 1 264 $180 $185

Item 2 480 92 98

Item 3 640 165 183

Item 4 440 158 120

classification: Classic

Item 5 320 108 98

Item 6 160 90 87

Item 7 1,592 105 115

Item 8 896 88 75

a. Calculate lower - of - cost - or realizable value of hawk's at december 31, 2020, applying the rule to the individual intems.

b. Calculate lower - of - cost - or realizable value of hawk's at december 31, 2020, applying the rule to the inventory classifications.

c. Calculate lower - of - cost - or realizable value of hawk's at december 31, 2020, applying the rule to total inventory.