For each of the following,calculate the cost of inventory reported on the balance sheet.
Definitions:
Treasury Stock
Shares that were issued and subsequently reacquired by the company, reducing the amount of outstanding stock on the open market.
Authorized Stock
Authorized stock refers to the maximum number of shares that a corporation is legally authorized to issue according to its corporate charter.
Market Value
The present cost at which an asset or service is available for purchase or sale in a market.
Share
A unit of ownership in a company or financial asset, representing a proportion of the corporation's capital.
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