The inventory of Cullumber Company on December 31, 2020, consists of the following items. Part A419 A435 A545 A615 A721 A885 A999 Net Realizable Value $33 11 19 Cost per unit $19 14 12 17 16 25 11 Quantity 7,800 6.630 15.756 11.700 17.160 21,840 14,352 12 17 31 2 Part No. A999 is obsolete and has a realizable value of $2 each as scrap.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 5 (b) Determine the inventory by the LCNRV method applying the method to the total of the inventory Inventory as of December 31, 2020