Toey Ltd Has Provided the Following Information About the Total

question 30

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: 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
• E) None of the given answers.

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