Accounting 0452 · IGCSE · Valuation of inventory

Valuation of inventory — practice question

The table lists the sports shop’s inventories at the year end. football kits: cost $250$, net realisable value $230$ tracksuits: cost $210$, net realisable value $240$ football boots: cost $160$, net realisable value $200$ Which value for inventories appears in the statement of financial position?

  • A$600
  • B$620
  • C$630
  • D$670

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