The inventory of Flint Company on December 31, 2017, consists of the following items.

Part			Quantity		Cost per Unit		Net Realizable Value
110			570		$124		$131
111			1,010		79		68
112			450		105		100
113			210		223		236
120			380		269		272
121	a		1,600		21		1
122			310		314		308

^a Part No. 121 is obsolete and has a realizable value of $1 each as scrap. (a) Determine the inventory as of December 31, 2017, by the LCNRV method, applying this method to each item.

Inventory as of December 31, 2017

$

(b) Determine the inventory by the LCNRV method, applying the method to the total of the inventory.

Inventory as of December 31, 2017

$