Blossom Specialty Company, a division of Lost World Inc., manufactures three models of gear shift components for bicycles that are sold to bicycle manufacturers, retailers, and catalog outlets. Since beginning operations in 1993, Blossom has used normal absorption costing and has assumed a first-in, first-out cost flow in its perpetual inventory system. The balances of the inventory accounts at the end of Blossoms fiscal year, November 30, 2017, are shown below. The inventories are stated at cost before any year-end adjustments.

Finished goods		$613,200
Work in process		123,600
Raw materials		260,300
Factory supplies		64,000

The following information relates to Blossoms inventory and operations. 1. The finished goods inventory consists of the items analyzed below.

		Cost		NRV
Down tube shifter
Standard model		$62,600		$62,100
Click adjustment model		88,100		84,300
Deluxe model		109,300		111,400
Total down tube shifters		260,000		257,800
Bar end shifter
Standard model		82,300		85,400
Click adjustment model		90,700		89,200
Total bar end shifters		173,000		174,600
Head tube shifter
Standard model		73,100		72,700
Click adjustment model		107,100		109,500
Total head tube shifters		180,200		182,200
Total finished goods		$613,200		$614,600

2.		One-half of the head tube shifter finished goods inventory is held by catalog outlets on consignment.
3.		Three-quarters of the bar end shifter finished goods inventory has been pledged as collateral for a bank loan.
4.		One-half of the raw materials balance represents derailleurs acquired at a contracted price 20% above the current market price. The NRV of the rest of the raw materials is $116,500.
5.		The total NRV of the work in process inventory is $98,700.
6.		Included in the cost of factory supplies are obsolete items with an historical cost of $4,500. The market value of the remaining factory supplies is $60,800.
7.		Blossom applies the LCNRV method to each of the three types of shifters in finished goods inventory. For each of the other three inventory accounts, Blossom applies the LCNRV method to the total of each inventory account.
8.		Consider all amounts presented above to be material in relation to Blossoms financial statements taken as a whole.

(a) Prepare the inventory section of Blossoms balance sheet as of November 30, 2018.