The Following Information Relates to Moore Company's Inventory:Cost of Inventory

Multiple Choice

The following information relates to Moore Company's inventory:Cost of inventory = $460Selling price of inventory = $500Normal profit margin = 10% of selling priceCurrent replacement cost = $370Cost of completion and disposal = $50Under IFRS, which of the following would be the correct measurement value for the inventory?

A) $460
B) $370
C) $500
D) $450