A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2012 · Q171 Mark
The table shows information relating to closing inventory. $ cost 50 000 realisable value 45 000 costs of realisation 5 000 replacement cost 35 000 What is the value of the closing inventory?
A$35 000
B$40 000
C$45 000
D$50 000
✓ Correct answer
B: $40 000
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