Assume that Darcy Industries had the following inventory values. Inventory cost (on December 31, 2017) $1,500 Inventory
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Assume that Darcy Industries had the following inventory values.
Inventory cost (on December 31, 2017) $1,500 Inventory market (on December 31, 2017) $1,350 Inventory net realizable value
(on December 31, 2017) $1,320 Under IFRS, what is the inventory carrying value on December 31, 2017?
(a) $1,500.
(b) $1,570.
(c) $1,560.
(d) $1,320.
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