please show work and explain!!

Skysong 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 Unit Units Total 212 $ 424 $ 89.888 530 424 318 $ $ 477 504 530 $ $ $ 252,810 213,696 168,540 530 424 530 $ $ 572 604 $ $ 303,160 256,096 Residential Pumps Inventory at Feb. 28: Purchases: March 10 March 20 March 30 Sales: March 15 March 25 Inventory at March 31: Commercial Pumps Inventory at Feb. 28: Purchases: March 3 March 12 March 21 Sales: March 18 March 29 Inventory at March 31: 636 $ 848 $ $ 539,328 636 318 530 $ 954 $ 1,007 $ 1,060 $ $ $ 606,744 320,226 561,800 954 636 530 $ 1,145 $ 1,208 $ 1,092,330 $ 768,288 In addition to the above information, due to a downturn in the economy that has hit Skysong's commercial customers especially hard, Skysong expects commercial pump prices from March 31 onward to be considerably different (and lower) than at the beginning of and during March. Skysong has developed the following additional information. Commercial Pumps Residential Pumps Net realizable value (per unit) $954 $615 The normal profit margin is 16.67% of cost. Skysong uses the FIFO accounting method. Determine the dollar amount that Skysong should report on its March 31 balance sheet for inventory. Assume Skysong applies lower-of-cost-or-market at the major category level. Skysong places both commercial and residential pumps into the same (and only) category Total amount of inventory $