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Monty Corporation has the following four items in its ending inventory: Item Cost Estimated Selling Price Estimated Disposal Costs Neutrinos $ 1,910 $2,190 $115 Ocillinos
Monty Corporation has the following four items in its ending inventory: Item Cost Estimated Selling Price Estimated Disposal Costs Neutrinos $ 1,910 $2,190 $115 Ocillinos 5,060 4,960 107 Electrons 4,230 4,565 204 Protons 3,460 4,470 101 * Your answer is incorrect. Assume that Monty is a public company using IFRS. Determine the total value of ending inventory, using the lower of cost and net realizable value model applied on an individual item basis. Item LC and NRV $ 395 Neutrinos Ocillinos +A $ 7 Electrons $ 539 Protons Total +A $ +A 1111 2052
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