Sunland 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.

			Units		Price per Unit					Total
Residential Pumps
	Inventory at Feb. 28:		226			$	452			$	102,152
Purchases:
	March 10		565			$	509			$	287,585
	March 20		452			$	537			$	242,724
	March 30		339			$	565			$	191,535
Sales:
	March 15		565			$	610			$	344,650
	March 25		452			$	644			$	291,088
	Inventory at March 31:		565
Commercial Pumps
	Inventory at Feb. 28:		678			$	904			$	612,912
Purchases:
	March 3		678			$	1,017			$	689,526
	March 12		339			$	1,074			$	364,086
	March 21		565			$	1,130			$	638,450
Sales:
	March 18		1,017			$	1,220			$	1,240,740
	March 29		678			$	1,288			$	873,264
	Inventory at March 31:		565

In addition to the above information, due to a downturn in the economy that has hit Sunlands commercial customers especially hard, Sunland expects commercial pump prices from March 31 onward to be considerably different (and lower) than at the beginning of and during March. Sunland has developed the following additional information.

		Commercial Pumps		Residential Pumps
Net realizable value (per unit)		$ 1,017		$ 655

The normal profit margin is 16.67% of cost. Sunland uses the FIFO accounting method.

Determine the dollar amount that Sunland should report on its March 31 balance sheet for inventory. Assume Sunland applies lower-of-cost-or-net realizable value at the individual product level.

Total amount of inventory

$

Determine the dollar amount that Sunland should report on its March 31 balance sheet for inventory. Assume Sunland applies lower-of-cost-or-market at the major category level. Sunland places both commercial and residential pumps into the same (and only) category.

Total amount of inventory

$