Haskell Corporation

question 44

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.