Toey Ltd Has Provided the Following Information About the Total

question 33

Multiple Choice

Toey Ltd has provided the following information about the total production cost and estimates of realisable value of three lines of shoes they produce within the same class of inventory
$$\begin{array} { | l | r | r | r | r | } \hline { \text { Item } } & \begin{array} { c } \text { Production cost } \\\$ 000\end{array} & \begin{array} { c } \text { Sales proceeds } \\\$ 000\end{array} & \begin{array} { c } \text { Packaging costs } \\\$ 000\end{array} & \begin{array} { c } \text { Freight outwards } \\\$ 000\end{array} \\\hline \text { Sling back } & 13 & 15 & 3 & 2 \\\hline \text { Court } & 10 & 16 & 3 & 1 \\\hline \text { Stiletto } & 17 & 19 & 4 & 3 \\\hline\end{array}$$
Packaging and freight are necessary in order to be able to sell the shoes.What is the value of the inventory in accordance with AASB 102?

• A) $34 000
• B) $40 000
• C) $32 000
• D) $24 000

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Definitions:

Unborn Children

Refers to fetuses or embryos that have not yet been born; often discussed in the context of prenatal development or legal and ethical debates.

Procreation Decisions

Choices related to the deliberate process of conceiving and bearing offspring.

Chorionic Villus Sampling

A prenatal test where a small sample of the placental tissue is taken to test for genetic disorders and chromosome abnormalities in the fetus.

Outer Membrane

The outermost layer in the cell envelope of Gram-negative bacteria, involved in protection and substance exchange.