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This is first-year university accounting, please answer quickly. Coin Inc is a rare currency dealer. At the end of the year, Coin Inc. was holding
This is first-year university accounting, please answer quickly.
Coin Inc is a rare currency dealer. At the end of the year, Coin Inc. was holding the following three iterns in its inventory. 1912 English 100 Pound Notes No of Units 30 Cost per unit $ 3500 Net realizable value per unit $ 4300 1888 American 100 dollar bills. No. of Units 100 Cost per unit $ 60 Net realizable value per unit $160 15 1956 Japanese 500 yen notes. No. of Units 200 Cost per unit $140 Net realizable value per unit $90 How much would be shown on the statement of financial position as inventory at the end of the year? Your Answer 23Step by Step Solution
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