Current Attempt in Progress The inventory of Cullumber Company on December 31, 2020, consists of the following items. Part A419 A435 A545 A615 A721 A885 A999 2 Quantity 5,600 4,760 11.312 8,400 12.320 15,680 10.304 Cost per unit $13 10 9 12 Net Realizable Value $24 8 13 9 12 22 11 18 8 1 Part No. A999 is obsolete and has a realizable value of $1 each as scrap. $1 . (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 $ (b) Determine the inventory by the LCNRV method, applying the method to the total of the inventory. Inventory as of December 31, 2020 $ e Textbook and Media Save for Later Attempts: unlimited Submit