2. A company determined the following values for its inventory as of the end of its fiscal year: Historical cost Current replacement cost Net realizable value Net realizable value less a normal profit margin Fair value What amount should the company report for inventory on its balance sheet? a. $35,000 b. $40,000 c. $45,000 d. $48,000 $50,000 35,000 45,000 40,000 48,000

2. A company determined the following values for its inventory as of the end of its fiscal year: What amount should the company report for inventory on its balance sheet? a. $35,000 b. $40,000 c. $45,000 d. $48,000