Multiple Choice
If inventory item X has a cost of $49,000 and a net realisable value of $60,000 while inventory item Y has a cost of $2,000 and a net realisable value of $500, closing inventory will be valued at:
A) $60,000.
B) $62,000.
C) $51,000.
D) $49,500.
Correct Answer:
Verified
Correct Answer:
Verified
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