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What amount should the company report for inventory

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Reference no: EM133030570

Question - A company determined the following values for its inventory as of the end of its fiscal year:

Historical cost $50,000

Current replacement cost 35,000

Net realizable value 45,000

Net realizable value less a normal profit margin 40,000

Fair value 48,000

Required - What amount should the company report for inventory on its balance sheet?

Reference no: EM133030570

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