The following information relates to the inventory on hand at 30 June 2010 held by entity F.

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Calculate the value of inventory on hand at 30 June 2010 in accordance with IAS 2.

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Advanced Financial Accounting An International Approach

ISBN: 9780273712749

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Authors: Jagdish Kothari, Elisabetta Barone

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Question Posted: Jan 28, 2024 12:02 AM

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The following information relates to the inventory on hand at 30 June 2010 held by entity F.

Question:

Item no. A1458 A1965 B6730 D0943 G8123 W2167 Quantity 600 815 749 98 156 1492 Cost per unit 4.60 6.80 14.68 2.46 7.12 12.24 Cost to replace 4.82 6.52 14.70 2.28 7.12 12.30 Estimated selling price 7.50 7.00 20.00 2.00 11.40 15.32 Cost of completion and disposal 0.98 1.10 1.90 0.24 1.34 0.72

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Advanced Financial Accounting An International Approach

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