Assume That Darcy Industries Had the Following Inventory Values:Inventory Cost

Multiple Choice

Assume that Darcy Industries had the following inventory values:Inventory cost (on December 31, 2014) = $500Inventory market (on December 31, 2014) = $450Inventory net realizable value (on December 31, 2014) = $440Inventory market (on June 30, 2015) = $520Inventory net realizable value (on June 30, 2015) = $525Under IFRS, what is the inventory carrying value on June 30, 2015?

A) $500
B) $520
C) $525
D) $440