Company A and Company B use a 12/31 year-end.

Company A has $1,100 in inventory at the end of December, before any adjusting entries The inventory is 100 items at a cost of $11 each. The estimated the selling price of the inventory at 12/31 is $9 per item. Company B has $4,000 in inventory at the end of December, before any adjusting entries. The inventory is 500 items at a cost of $8 each. The estimated selling price of the inventory on 12/31 is $10 per item.

What amount does Company A report as inventory on the published balance sheet at 12/31?

What amount does Company B report as inventory on the published balance sheet at 12/31?