Price per Unit Units Total 236 $ 472 $ 111,392 531 590 472 $ $ $ 561 $ $ $ $ $ 313,290 264,792 208,860 354 590 590 637 $ $ 375,830 317,656 $ 673 472 590 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: 708 $ 944 $ 668,352 $ 751,896 708 354 $ 1,062 $ 1,121 $ 1,180 $ $ 396,834 696,200 590 1,062 708 590 $ 1,274 $ 1,345 $ 1,352,988 $ 952,260 In addition to the above information, due to a downturn in the economy that has hit Wildhorse's commercial customers especially hard, Wildhorse expects commercial pump prices from March 31 onward to be considerably different (and lower) than at the beginning of and during March. Wildhorse has developed the following additional information. Commercial Pumps $1,062 Residential Pumps $684 Net realizable value (per unit) The normal profit margin is 16.67% of cost. Wildhorse uses the FIFO accounting method. * Your answer is incorrect Determine the dollar amount that Whispering should report on its March 31 balance sheet for inventory. Assume Whispering applies lower-of-cost-or-net realizable value at the individual product level Total amount of inventory $1 559229 cTextbook and Media * Your answer is incorrect Determine the dollar amount that Whispering should report on its March 31 balance sheet for inventory. Assume Whispering applies lower-of-cost-or-market at the major category level. Whispering places both commercial and residential pumps into the same (and only) category Activate Windows Total amount of inventory S Go to Settings to activate Windows 917859