The inventory of Martinez Company on December 31, 2017.consists of the following items. Part Net Realizable Value 110 Quantity 660 1.030 520 Cost per Unit $138 87 116 111 112 $145 75 110 261 302 113 247 120 297 180 370 1.700 320 121 122 1 23 348 341 Part No. 121 is obsolete and has a realizable value of $1 each as scrap.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 s (b) Determine the inventory by the LCNRV method applying the method to the total of the inventory. Inventory as of December 31, 2017 490FDO