Question
Coin Inc. is a rare currency dealer. At the end of the year, Coin Inc. was holding the following three items in its inventory.
Coin Inc. is a rare currency dealer. At the end of the year, Coin Inc. was holding the following three items in its inventory. English 100 Pound Notes per unit $ 4800 No of Units 30 Cost per unit $ 3800 Net realizable value American 100 dollar bills. No. of Units 70 Cost per unit $ 100 Net realizable value per unit $125 Japanese 500 yen notes. No. of Units 100 Cost per unit $ 190 Net realizable value per unit $ 95 How much would be shown on the statement of financial position as inventory at the end of the year? Your Answer:
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