Haskell Corporation

Multiple Choice

Haskell Corporation. has determined its year-end inventory on a FIFO basis to be $785,000. Information pertaining to that inventory is as follows: What should be the carrying value of Sullivan's inventory if the company prepares its financial statements according to International Financial Reporting Standards?

A) $765,000.
B) $785,000.
C) $770,000.
D) $700,000.