Accounting 0452 · IGCSE · Valuation of inventory

Valuation of inventory — practice question

Tony has drawn up an inventory valuation statement at the close of the financial period. Inventory items and amounts: - cricket bats, cost $600, net realisable value $750 - cricket gloves, cost $400, net realisable value $320 - cricket helmets, cost $900, net realisable value $1200 - cricket pads, cost $300, net realisable value $240 What is the value of Tony’s inventory?

  • A$2060
  • B$2200
  • C$2510
  • D$2650

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