Wildhorse 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 236 $ 472 $ 111.392 590 472 354 $ $ $ 531 561 590 $ $ 31390 264,792 208.860 590 472 590 $ $ 637 673 $ $ 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 31 375,830 317,656 708 $ $ 944 5 668,352 708 354 590 $ 1,062 $ 1.121 $1180 $ $ $ 751,896 396,834 696.200 1,062 708 590 $ 1.274 $ 1,345 $ 1352.988 $ 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 Residential Pumps Net realizable value (per unit) $1,062 $684 The normal profit margin is 16.67% of cost. Wildhorse uses the FIFO accounting method. (a) * Your answer is incorrect Determine the dollar amount that Wildhorse should report on its March 31 balance sheet for inventory. Assume Wildhorse applies lower-of-cost-or-net realizable value at the Individual product level Total amount of Inventory $ 877212