For each of the following,calculate the cost of inventory reported on the balance sheet.
Definitions:
Actively Traded
Describes securities or assets that are frequently bought and sold, often indicating high liquidity and market interest.
Reversing Trade
The process of undoing or closing out a trading position, often used to correct an incorrect trade or take profits.
Long
A term used in investing to denote the purchase of a security with the expectation that the asset will rise in value.
Futures Contract
A legally binding agreement standardized across the industry to purchase or sell a particular item at a set price at a future date, typically utilized for trading commodities or financial assets.
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