Question 1 View Policies Current Attempt in Progress The inventory of Bonita Company on December 31, 2020.consists of the following items 1 1 Part Quantity Cost per Unit Net Realizable Value 580 $111.00 $117.00 910 7020 61.00 1 1 112 540 93.60 89.00 113 190 198.90 210.60 120 400 240.00 243.00 121 1,600 19.00 100 270 280.80 275.00 122 a Part No. 121 is obsolete and has a realizable value of $1.00 each as scrap.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 $ 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 N Media or later