Fine Leather Ltd. had the following inventory at December 31, 2017: Per Unit Net Realizable Value Cost Item Quantity Leather blazers Model 154 35 Model 160 15 Model 165 12 Handbags Model 11 60 Model 12 50 Model 13 25 $ 150 205 260 $ 165 187 270 40 55 69 40 51 67 Required: 1. Determine the value of ending inventory that should be reported on the statement of financial position by applying the LC&NRV rule to, a. Each item of inventory b. Each major category of inventory c. Total inventory a. The value of ending inventory The value of ending inventory The value of ending inventory C