Fine Leather Ltd. had the following inventory at December 31, 2017: Per Unit Net Realizable Item Quantity Cost Value Leather blazers Model 154 15 $ 110 $125 Model 160 15 185 173 Model 165 10 250 258 Handbags Model 11 60 32 Model 12 42 47 Model 13 25 65 83800 36 44 63 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