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Marissa's Modes is a retail outlet for ladies' fashion goods.At the year-end inventory on 31/12/2019, Marissa's Modes found that it had goods on hand that

Marissa's Modes is a retail outlet for ladies' fashion goods.At the year-end inventory on 31/12/2019, Marissa's Modes found that it had goods on hand that had cost $50,000, which it expects to sell in 2020 for approximately $125,000 in total.The inventory in the balance sheet as at 31/12/2019 would be valued at:

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