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Norton Company purchased 1,000 widgets and has 200 widgets in its ending inventory at a cost of $91 each and a current market price of

Norton Company purchased 1,000 widgets and has 200 widgets in its ending inventory at a cost of $91 each and a current market price of $80 each.

The ending inventory as per IAS2 rule is: $80,000.$91,000.$16,000.$18,200.

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