The balance sheet value of ?a firm's inventory is ?$65,000. ?Suppose that the firm purchases...
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The balance sheet value ?a firm's inventory ?$ ?Suppose that the firm purchases supplies ?a cost $ ?and adds them ?inventory. A day later, the market value ?the recently purchased supplies changes $Assuming ?other changes ?inventory, and using the historical cost method, what ?the final balance sheetvalue ?inventory?Note: Students with prior accounting experience should not apply the monthly "lower ?market"adjustment. This ?a dayday fluctuation. 
The balance sheet value ?a firm's inventory ?$ ?Suppose that the firm purchases supplies ?a cost
$ ?and adds them ?inventory. A day later, the market value ?the recently purchased supplies changes
$
Assuming ?other changes ?inventory, and using the historical cost method, what ?the final balance sheet
value ?inventory?
Note: Students with prior accounting experience should not apply the monthly "lower ?market"
adjustment. This ?a dayday fluctuation.
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