Test your understanding 4 Cole's business sells three products X, Y and Z. The following information was available at the year-end: Cost Fair value less further costs to sell (NRV) Units What was the value of the closing inventory? A $8,400 B $6,800 C $7,100 D $7,200 X $ 7 Y Z $ $ 10 19 10 8 15 100 200 300