Question 15 Dairy Food Pte Ltd has closing inventory of $148,000 at cost. Within the closing inventory, there are some goods that cost $34,000 that are approaching their expiry dates. The normal sales price is $52,000 but Dairy Food Pte Ltd decides to mark down to $16,000 to sell the almost expired inventory. What is the value of the closing inventory to be reported on Dairy Food Pte Ltd's Statement of Financial Position? A B D $114,000 $130,000 $166,000 $132,000 B