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Quad Limited has closing inventories of finished goods which cost 200,000. Changes in regulations mean that these goods can no longer be sold in their
Quad Limited has closing inventories of finished goods which cost 200,000. Changes in regulations mean that these goods can no longer be sold in their current state. However, if additional work, estimated to cost 35,000 is carried out, they can be sold for 90,000.
What figure should be included in Quad Limited's current assets for closing inventory?
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