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The inventory of Skysong Company on December 31,2025, consists of the following items. Part No, 121 is obsolete and has a realizable value of $1.00

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The inventory of Skysong Company on December 31,2025, consists of the following items. "Part No, 121 is obsolete and has a realizable value of $1.00 each as scrap. (a) Determine the truentory as of December 31, 2025, ty the teNRV method, applying this method to each item. Inventory as of December 31, 2025 \$ aPart No. 121 is obsolete and has a realizable value of $1.00 each as scrap. (a) Determine the inventory as of December 31,2025 , by the LCNRV method, opplying this method to each item. Inventory as of December 31,2025 (b) Determine the inventory by the LCNRV method, applying the method to the total of the inventory. Inventoryas of December 31,2025

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