The inventory of Oheto Company on December 31, 2020,consists of the following items.

Part			Quantity		Cost per Unit		Net Realizable Value
110			600		$95.00		$100.00
111			1,000		60.00		52.00
112			500		80		76.00
113			200		170		180.00
120			400		205.00		208.00
121	a		1,600		16.00		1.00
122			300		240		235.00

^a Part No. 121 is obsolete and has a realizable value of $1.00 each as scrap.

(a) Determine the inventory as of December31, 2020, by the LCNRV method, applying this method to each item.

Inventory as of December 31, 2020

$enter the Inventory as of December 31 in dollars

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

Inventory as of December 31, 2020

$enter the Inventory as of December 31 in dollars