In each case, indicate the correct amount to be reported for the inventory on the year-end balance sheet.

1. ending inventory at cost : $123,000

ending inventory at market $126,750

2. ending inventory at cost $120,500

end inventory at market $124,250

1. The correct amount to be reported for the inventory on the year end balance sheet is ?

2. The correct amount to be reported on the inventory on the year end balance sheet is?