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Huston Ltd manufactures and sells woodfires. It sells its woodfires to three markets: Market A, Market B, and Market C. Huston has access to all
Huston Ltd manufactures and sells woodfires. It sells its woodfires to three markets: Market A, Market B, and Market C. Huston has access to all three markets. The following information is relevant for fair value measurement: Market A Market B Market C Market annual trade volume 30.000 25,000 30,000 Price per unit 7,200 6,200 6,100 Transport costs per unit (200) (200) (250) Transaction costs per unit (100) (155) (100) Net proceeds per unit 6,900 5,845 5,750 Determine the fair value of the woodfires (per unit) in accordance with the requirements of AASB 13 Fair Value Measurement. O C. The fair value of the woodfires is $6,000 O D. The fair value of the woodfires is $5,850 O A. The fair value of the woodfires is $6,900 O B. The fair value of the woodfires is $7,000
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