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

Part			Quantity		Cost per Unit		Net Realizable Value
110			650		$109.00		$115.00
111			1,000		69.00		60.00
112			510		92.00		87.00
113			220		195.50		207.00
120			380		236.00		239.00
121	a		1,500		18.00		1.00
122			310		276.00		270.00

^a Part No. 121 is obsolete and has a realizable value of $1.00 each as scrap.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