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Coin Inc. is a rare currency dealer. At the end of the year, Coin Inc. was holding the following three items in its inventory. 1912
Coin Inc. is a rare currency dealer. At the end of the year, Coin Inc. was holding the following three items in its inventory.
1912 English 100 Pound Notes No of Units 40 Cost per unit $ 3300 Net realizable value per unit $ 4900
1888 American 100 dollar bills. No. of Units 60 Cost per unit $ 100 Net realizable value per unit $ 150
1956 Japanese 500 yen notes. No. of Units 100 Cost per unit $ 150 Net realizable value per unit $ 50
How much would be shown on the statement of financial position as inventory at the end of the year?
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