The following information pertains to item? #007SS of inventory of Riley Aquatic? Sales, Inc.:

Per unit Cost $ 178

Replacement cost 179

Selling price 193

The physical inventory indicates 1,600 units of item? #007SS on hand.

What amount will be reported on the Riley Aquatic? Sales, Inc.'s balance sheet for this inventory? item?

The amount reported on Riley Aquatic? Sales, Inc.'s balance sheet for this is ?$ ___.