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The cost of Sarasota Music Inc.'s inventory at December 31, 2018, is $50,900. Its net realizable value on the same date is $48,500. If Sarasota

The cost of Sarasota Music Inc.'s inventory at December 31, 2018, is $50,900. Its net realizable value on the same date is $48,500. If Sarasota Music has the same inventory on hand at December 31, 2018, with a net realizable value of $51,300, what amount should it report its inventory at on that date?

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