Question: In each case, indicate the correct amount to be reported for the inventory on the year-end balance sheet. 1. ending inventory at cost : $123,000

In each case, indicate the correct amount to be reported for the inventory on the year-end balance sheet.

1. ending inventory at cost : $123,000

ending inventory at market $126,750

2. ending inventory at cost $120,500

end inventory at market $124,250

1. The correct amount to be reported for the inventory on the year end balance sheet is ?

2. The correct amount to be reported on the inventory on the year end balance sheet is?

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