Question 16. Shoppit Co deals in manufacturing componenta On 1 March 2008 it had in stock 7.000 components which cost $1.60 each. On 10 March 20X3 it bought a further 1.000 components for $2.20 each On 21 March 2008 it sold 1,500 components for $1.70 each, which represents the new normal selling price in an increasing competitive environment. What is an acceptable measurement of Shoppit Co's doing inventories in accordance with IAS 22 O $2,400 $2,550 $2,700 $3,000