The inventory of Bramble Company on December 31, 2020, consists of the following items Part Quantity Cost per Unit Net Realizable Value 110 620 $121.00 $127.00 111 1,080 76.20 66.00 112 540 101.60 97.00 113 220 215.90 228.60 120 440 260.00 264.00 1,400 20,00 121 1.00 122 304,80 298.00 330 aPart No. 121 is obsolete and has a realizable value of $1.00 each as scrap.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