Antimatter Corporation has the following four items in its ending inventory:

(a) Assume that Antimatter is a public company using IFRS. Determine the total value of ending inventory using the lower of cost and net realizable value model applied on an individual item basis.
(b) Would there be any difference in accounting if Antimatter were a private entity using ASPE?

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tem Neutrinos Ocillinos Electrons Protons Cost $1,820 5,000 4,290 3,200 stimated Selling Price $2,100 4,900 4,625 4,210 Estimated Disposal Costs $100 100 200 100