Blossom Company sells two types of pumps. One is large and is for commercial use. The other is smaller and is used in residential swimming pools. The following inventory data is available for the month of March.

In addition to the above information, due to a downturn in the economy that has hit Blossoms commercial customers especially hard, Blossom expects commercial pump prices from March 31 onward to be considerably different (and lower) than at the beginning of and during March. Blossom has developed the following additional information.

Net Realizable Value for Residenstial is $592 and for commercial is $918. The normal profit margin is 16.67% of cost. Blossom uses the LIFO accounting method.

A. Determine the dollar amount that Blossom should report on its March 31 balance sheet for inventory. Assume Blossom applies lower-of-cost-or-market at the individual product level. Total amount if Inventory = ---------------

B. Determine the dollar amount that Blossom should report on its March 31 balance sheet for inventory. Assume Blossom applies lower-of-cost-or-market at the major category level. Blossom places both commercial and residential pumps into the same (and only) category.

Total amount of inventory = ---------------

Residential Pumps
	Inventory at Feb. 28:		204			$	408			$	83,232
Purchases:
	March 10		510			$	459			$	234,090
	March 20		408			$	485			$	197,880
	March 30		306			$	510			$	156,060
Sales:
	March 15		510			$	551			$	281,010
	March 25		408			$	581			$	237,048
	Inventory at March 31:		510
Commercial Pumps
	Inventory at Feb. 28:		612			$	816			$	499,392
Purchases:
	March 3		612			$	918			$	561,816
	March 12		306			$	969			$	296,514
	March 21		510			$	1,020			$	520,200
Sales:
	March 18		918			$	1,102			$	1,011,636
	March 29		612			$	1,163			$	711,756
	Inventory at March 31:		510