26_ A company determined the following information for an inventory at year end:
Historical cost Current replacement cost Net realizable value Net realizable value less a normal profit margin Fair value
2,000,000 1,400,000 1,800,000 1,700,000
1,900,000
What amount should be reported as inventory at year-end? 1,900,000 1,800,000 1,700,000 1,400,000