q7

QUESTION 7 Assume that Darcy Industries had the following inventory values: Inventory cost (on December 31, 2020) = $500 Inventory market (on December 31, 2020) = $450 Inventory net realizable value (on December 31, 2020) = $440 Inventory market (on June 30, 2021) = $520 Inventory net realizable value (on June 30, 2021) = $525 Under IFRS, what is the inventory carrying value on June 30, 2021? a. $500 b.$520 C. $525 d. $440