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A company determined the following values for its inventory as of the end of its fiscal year: Historical cost$50,000Current replacement cost35,000Net realizable value45,000Net realizable valueless

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

Historical cost$50,000Current replacement cost35,000Net realizable value45,000Net realizable valueless a normal profit margin40,000Fair value48,000

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

$35,000

$40,000

$45,000

$48,000

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