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

question 110

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 December 31, 2014?

• A) $500
• B) $450
• C) $440
• D) $525

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