Replacement cost $46 per unit Selling price $52 per unit The physcial inventory indicates 900 units of item #AB345 on hand. What amount will be reported on the ABC Educational System, Inc’s balance sheet for the inventory item?

The following informatiom pertains to item #AB345 of inventory of ABC Educational Systems INC:

Cost $45 per unit
Replacement cost $46 per unit
Selling price $52 per unit

The physcial inventory indicates 900 units of item #AB345 on hand. What amount will be reported on the ABC Educational System, Inc’s balance sheet for the inventory item?