Question
You have the following information related to the ending inventory of Sam Inc. for the year ended Dec. 31.2022: Inventory type # of units Cost
You have the following information related to the ending inventory of Sam Inc. for the year ended Dec. 31.2022:
| Inventory type | # of units | Cost per unit | Net realizable value per unit |
| A | 2,800 | $12 | $10 |
| B | 7,700 | $20 | $26 |
| C | 4,650 | $34 | $30 |
| D | 2,890 | $9 | $5 |
Required: How much is the cost of inventory that will appear in the statement of financial position at the end of 2022?
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Audit And Assurance Principles And Practices In Singapore
Authors: Dr Ernest Kan
5th Edition
9814838136, 978-9814838139
