Economics · Financial Accounting
The following figures relate to inventory held at 31 March 20X6: - Product A: 2,000 units, Cost per unit $14, Selling price $17 - Product B: 5,000 units, Cost per unit $16, Selling price $20 Modifications costing $5 per unit would need to be made to Product A to achieve the selling price of $17. What is the value of inventory held at 31 March 20X6 in accordance with IAS 2 Inventories?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$104,000✓
- 2$134,000
- 3$124,000
- 4$108,000
Correct answer
$104,000
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