Accounting 0452 · IGCSE · Valuation of inventory

Valuation of inventory — practice question

A company gave the information below about its closing inventory. cost price: $35 per unit (this includes carriage inwards of $2 per unit) net realisable value: $48 per unit Which unit value should the company choose when valuing its closing inventory?

  • A$33 per unit
  • B$35 per unit
  • C$37 per unit
  • D$48 per unit

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