Accounting 0452 · IGCSE · Valuation of inventory

Valuation of inventory — practice question

Nirmal has two products, product G and product H. At the close of the financial year, the inventory information is as follows: - Product G: quantity of units $1000$, cost price for each unit $2.00$, net realisable value for each unit $2.50$ - Product H: quantity of units $800$, cost price for each unit $1.50$, net realisable value for each unit $1.20$ It was discovered that $100$ units of product G had been damaged and could not be sold. What was the total value of Nirmal’s inventory?

  • A$2760$
  • B$3000$
  • C$3260$
  • D$3460$

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