Hello

Could you please assist with the attached question, I definitely need help with the second question.

Thank you!

Bramble 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:		228			$	456			$	103,968
Purchases:
	March 10		570			$	513			$	292,410
	March 20		456			$	542			$	247,152
	March 30		342			$	570			$	194,940
Sales:
	March 15		570			$	616			$	351,120
	March 25		456			$	650			$	296,400
	Inventory at March 31:		570
Commercial Pumps
	Inventory at Feb. 28:		684			$	912			$	623,808
Purchases:
	March 3		684			$	1,026			$	701,784
	March 12		342			$	1,083			$	370,386
	March 21		570			$	1,140			$	649,800
Sales:
	March 18		1,026			$	1,231			$	1,263,006
	March 29		684			$	1,300			$	889,200
	Inventory at March 31:		570

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

		Commercial Pumps		Residential Pumps
Net realizable value (per unit)		$1,026		$661

The normal profit margin is 16.67% of cost. Bramble uses the FIFO accounting method. Determine the dollar amount that Bramble should report on its March 31 balance sheet for inventory. Assume Bramble applies lower-of-cost-or-net realizable value at the individual product level.

Total amount of inventory

$

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

Total amount of inventory

$