View Policies Current Attempt in Progress Presented below is information related to Larkspur Inc Date December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 End-of-Year Inventory (End-of-Year Prices) $1.570,000 1.911.000 1.936,000 2,246,400 Price Index 100 105 110 117 Compute the ending inventory for Larkspur, Inc for 2017 through 2020 using the dollar-value LIFO method. Ending Inventory 2017 $ 2018 $ 2019 $ 2020 Save for Later Attempts: 0 of 1 user The inventory of Sunland Company on December 31, 2020, consists of the following items. Part 110 111 112 113 120 121 a 122 Quantity 560 1.060 550 220 440 1,700 290 Cost per Unit $119.00 75.00 100.00 212.50 256.00 20.00 300.00 Net Realizable Value $125.00 65.00 95.00 225.00 260.00 1.00 294.00 Part No. 121 is obsolete and has a realizable value of $1.00 each as scrap, (a) Determine the inventory as of December 31, 2020, by the LCNRV method, applying this method to each item.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