Windsor 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:		216			$	432			$	93,312
Purchases:
	March 10		540			$	486			$	262,440
	March 20		432			$	513			$	221,616
	March 30		324			$	540			$	174,960
Sales:
	March 15		540			$	583			$	314,820
	March 25		432			$	616			$	266,112
	Inventory at March 31:		540
Commercial Pumps
	Inventory at Feb. 28:		648			$	864			$	559,872
Purchases:
	March 3		648			$	972			$	629,856
	March 12		324			$	1,026			$	332,424
	March 21		540			$	1,080			$	583,200
Sales:
	March 18		972			$	1,166			$	1,133,352
	March 29		648			$	1,231			$	797,688
	Inventory at March 31:		540

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

		Commercial Pumps		Residential Pumps
Net realizable value (per unit)		$972		$626

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

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

Total amount of inventory

? $

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

Total amount of inventory

? $