If Inventory Item X Has a Cost of $49,000 and a Net

question 29

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.

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Definitions:

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Respiratory System

The biological system consisting of specific organs and structures used for gas exchange in animals and plants.

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Long-term State

A condition or situation that persists over a lengthy period, affecting systems or entities in a continuous or recurring manner.