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ITEM UNITS COST NRV TOTAL COST TOTAL NRV A General 550 $15 $23 $8,250 $12,650 B General 400 $26 $43 $10,400 $17,200 C Superior 850

ITEM

UNITS

COST

NRV

TOTAL

COST

TOTAL NRV

A General

550

$15

$23

$8,250

$12,650

B General

400

$26

$43

$10,400

$17,200

C Superior

850

$10

$9

$8,500

$7,650

D Superior

620

$24

$40

$14,880

$24,800

Use IFRS only

Using Individual Items Analysis answer the following:

a.Determine the amount of the loss (if any).

b. Determine the value of Total Inventory.

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