accountant for a company determines that the 20 units of inventory on hand at the end of the year should be recorded at their cost of $5.00, each using First-in, First-out. Current replacement cost is $4.50. What amount would be reported as inventory on the balance sheet?

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The Answer of accountant for a company determines that the 20 units of inventory on hand at the end of the year should be recorded at their cost of $5.00, each using First-in, First-out. Current replacement cost is $4.50. What amount would be reported as inventory on the balance sheet?

Accountant for a Company Determines That the 20 Units of Inventory