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

Part			Quantity		Cost per Unit		Net Realizable Value
110			560		$119.00		$125.00
111			1,060		75.00		65.00
112			550		100.00		95.00
113			220		212.50		225.00
120			440		256.00		260.00
121	a		1,700		20.00		1.00
122			290		300.00		294.00

^a Part No. 121 is obsolete and has a realizable value of $1.00 each as scrap. (a) Determine the inventory as of December 31, 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