Bonita 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, Bonita 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 Bonitas 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 Bonitas 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. Bonita applies the LCNRV method to each of the three types of shifters in finished goods inventory. For each of the other three inventory accounts, Bonita applies the LCNRV method to the total of each inventory account. 8. Consider all amounts presented above to be material in relation to Bonitas financial statements taken as a whole. (a) Prepare the inventory section of Bonitas balance sheet as of November 30, 2018. (Round answers to 0 decimal places, e.g. 2,556.)