In 2021, a company that produces electrical products purchased 150 kg of osmium at $11,620 per kg. In 2022, the net realizable value of osmium was $13,280 per kg. 

If the company had 37 kg of osmium left in its inventory at the end of 2022, what would it report on the osmium inventory in its 2022 year-end balance sheet?

Answer rating: 100% (QA)

Based on the information provided the company initially purchased 150 kg of osmium in 2021 at a cost ... View the full answer