1. The accountant for ABC Company prepared the following analysis of its inventory at year-end: Item Units Cost per Unit Estimated Sales Cost of Disposal Price/Unit (Selling Expense) Item X 500 $35 $56 $11 Item Y 350 45 75 35 Item z 650 25 46 16 What is the carrying value of ABC Company's inventory on its Balance Sheet at year-end? $49,500 $47,750 $62,500 $64,250 $37,500