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Memphis Wholesale Market applies the lower of cost or net realizable valuation to individual products and has collected the following data: Product A Product

Memphis Wholesale Market applies the lower of cost or net realizable valuation to individual products and has collected the following data: Product A Product B Product C Selling price Cost $ 93 Costs to sell $ 118 68 19 $ 73 73 9 63 14 Determine the inventory carrying value for Products A, B, and C assuming that Memphis Wholesale Market prepares its financial statements according to International Financial Reporting Standards (IFRS). Product NRV Cost Inventory Value A B

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