nformation related to Bledsoe Corporation's inventory, as of December 31, 20x7, follows:Estimated selling price $3,500,000Estimated disposal costs 50,000Estimated completion costs 300,000Original FIFO cost 3,200.000Replacement cost 3,300,000Using the appropriate valuation method, what adjustment is necessary to accurately report Bledsoe's inventory at the end of 20x7, and will this adjustment affect Bledsoe's quick ratio?Adjustment Quick ratio