Wagner Company sells four products that can be grouped into two major Caterogies. Products 101 and 102 are in Category A, While Products 201 and 202 are in Category B. Wagner uses the Fifo cost assumption and is now evaluating the Lower of Cost or Net Realizable Value (LCNRV). Wagner's sales commissions and delivery costs average 10% of the selling price. Relevant information for each of the 4 products is as follows: Product Quantity Cost per Unit Selling Price per Unit 101 4,000 $10 $14 102 5,000 $15 $15 201 3,200 $6 $5 202 4,800 $8 $12 Calculate the reported amount of ending inventory applying the LCNRV approach as follows: a. To individual items b. To major categories c. To the total inventory