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. Price per Units Unit Total Residential Pumps $492 $121,032 Inventory at Feb. 28: 246 Purchases: $ 554 $340,710 March 10 615 $ 584 $287,328 March 20 492 $ 615 March 30 369 226,935 Sales: $664 $408,360 March 15 615 $ 701 March 25 492 344,892 Inventory at March 31: 615 Commercial Pumps $ 984 $ 726,192 738 Inventory at Feb. 28: Purchases: 738 $1,107 March 3 816,966 1,169 $431,361 March 12 369 $ 756,450 $1,230 March 21 615 Sales: March 18 1,328 1,470,096 1,107 $1,402 $1,034,676 March 29 738 Inventory at March 31: 615 In addition to the above information, due to a downturn in the economy that has hit Blossom's 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. Commercial Pumps Residential Pumps $1,107 $713 Net realizable value (per unit) $1,107 March 3 738 816,966 1,169 March 12 369 431,361 $ 756,450 March 21 $1,230 615 Sales: 1,328 $1,470,096 March 18 1,107 1,402 $1,034,676 March 29 738 Inventory at March 31: 615 In addition to the above information, due to a downturn in the economy that has hit Blossom's 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. Commercial Residential Pumps Pumps $1,107 $713 Net realizable value (per unit) The normal profit margin is 16.67% of cost. Blossom uses the FIFO accounting method. Determine the dollar amount that Blossom should report on its March 31 balance sheet for inventory. Assume Blossom applies lower-of-cost-or-net realizable value at the individual product level. $ Total amount of inventory eTextbook and Media 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 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. Price per Units Unit Total Residential Pumps $492 $121,032 Inventory at Feb. 28: 246 Purchases: $ 554 $340,710 March 10 615 $ 584 $287,328 March 20 492 $ 615 March 30 369 226,935 Sales: $664 $408,360 March 15 615 $ 701 March 25 492 344,892 Inventory at March 31: 615 Commercial Pumps $ 984 $ 726,192 738 Inventory at Feb. 28: Purchases: 738 $1,107 March 3 816,966 1,169 $431,361 March 12 369 $ 756,450 $1,230 March 21 615 Sales: March 18 1,328 1,470,096 1,107 $1,402 $1,034,676 March 29 738 Inventory at March 31: 615 In addition to the above information, due to a downturn in the economy that has hit Blossom's 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. Commercial Pumps Residential Pumps $1,107 $713 Net realizable value (per unit) $1,107 March 3 738 816,966 1,169 March 12 369 431,361 $ 756,450 March 21 $1,230 615 Sales: 1,328 $1,470,096 March 18 1,107 1,402 $1,034,676 March 29 738 Inventory at March 31: 615 In addition to the above information, due to a downturn in the economy that has hit Blossom's 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. Commercial Residential Pumps Pumps $1,107 $713 Net realizable value (per unit) The normal profit margin is 16.67% of cost. Blossom uses the FIFO accounting method. Determine the dollar amount that Blossom should report on its March 31 balance sheet for inventory. Assume Blossom applies lower-of-cost-or-net realizable value at the individual product level. $ Total amount of inventory eTextbook and Media 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