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

Part	Quantity	Cost per Unit	Net Realizable Value
110	600	$95	$100
111	1,000	60	52
112	500	80	76
113	200	170	180
120	400	205	208
121	a	1,600	16	1
122	300	240	235

^aPart No. 121 is obsolete and has a realizable value of $1each as scrap.