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Yanbu Steel Ltd had three items of stock, each costing 1,100 on 31.12.2012. The General Price Level (GPL) 100 on 1 January 2012, and 130

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Yanbu Steel Ltd had three items of stock, each costing 1,100 on 31.12.2012. The General Price Level (GPL) 100 on 1 January 2012, and 130 on 31 December 2012. The replacement cost of each item of stock was 1,220 on 1st January 2012 and 1,400 on 31 December 2012. What is the value of the stock on 31 December 2012 the basis of historical Cost Accounting? I A-1.100 B-3.000 C-3.300

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