PROBLEM 6: Starstruck Company is a retailer of Italian furniture and has five major product lines. At year-end, the entity provided the following inventory data: Cost Net realizable value Sofas P100,000 P102,000 Dining tables 100,000 90,000 Beds 450,000 480,000 Closets 300,000 308,000 Lounge chains 125,000 100,000 8. At what amount shall the entity's inventory be valued at year-end as per IAS 2 Inventories? A. 1,040,000 B. 1,075,000 C. 1,080,000 D. 1,115,000