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The physical inventory indicates 900 units of item ab345 on

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The following information pertains to item #AB345 of inventory of ABC Educational System, Inc.:

  • Cost $45 per unit
  • Replacement cost $46 per unit
  • Selling price $52 per unit

 

The physical inventory indicates 900 units of item #AB345 on hand. What amount will be reported on the Educational System, Inc.'s balance sheet for the inventory item?

Reference no: EM13599845

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