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Presented below is information related to Company A's inventory, assuming it uses lower-of-LIFO cost-or-market by individual items. Item X Item Y Item z $285 $160

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Presented below is information related to Company A's inventory, assuming it uses lower-of-LIFO cost-or-market by individual items. Item X Item Y Item z $285 $160 $70 212 108 (per unit) Historical cost Selling price Cost to distribute Current replacement cost Normal profit margin 310 28 12 4 296 153 74 47 42 31 Assume each of the items has 100 units and Company A uses the cost of goods sold method to account for any inventory write-downs. Determine the amount of inventory that should be reported on the balance sheet: $ (Do not include dollar sign and comma in your final answer.)

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