The inventory of Bramble Company on December 31, 2020, consists of the following items. Part Quantity Cost per Unit Net Realizable Value 620 $121.00 $127.00 1,080 76.20 540 66.00 97.00 101.60 215.90 220 228.60 440 260.00 264.00 1,400 1.00 20.00 304.80 330 298.00 Part No. 121 is obsolete and has a realizable value of $1.00 each as scrap. (a) Determine the inventory as of December 31, 2020, by the LCNRV method, applying this method to each item. Inventory as of December 31, 2020 $ (b) Determine the inventory by the LCNRV method, applying the method to the total of the inventory Inventory as of December 31, 2020 $