Question
S Enterprises has the following items of inventory on hand at the end of the accounting period: Inventory item Number of units Original unit cost
S Enterprises has the following items of inventory on hand at the end of the accounting period:
| Inventory item | Number of units | Original unit cost | Current net selling price |
|---|---|---|---|
| A | 10 | $40 | $60 |
| B | 5 | $70 | $50 |
Applying the lower of cost and net realisable value rule, the value of ending inventory is: $___________
Use whole $ only in your answer.
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Risk Based Auditing Using ISO 19011 2018 CERM Academy Series On Enterprise Risk Management
Authors: Greg Hutchins
1st Edition
1732554501, 978-1732554504
