Question: Please be specific with the answer ! Do not hide in an excel spreadsheet. Give the answer alone by itself in clear, clean, bold numbers

Please be specific with the answer ! Do not hide in an excel spreadsheet. Give the answer alone by itself in clear, clean, bold numbers !

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Please be specific with the answer ! Do not hide in an

The balance sheet value of a firm's inventory is $50,000. Suppose that the firm purchases supplies at a cost of $4,000 and adds them to inventory. A day later, the market value of the recently purchased supplies changes to $2,500. Assuming no other changes to inventory, and using the historical cost method, what is the final balance sheet value of inventory? Note: Students with prior accounting experience should not apply the monthly "lower of cost or market" adjustment. This is a day-to-day fluctuation

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