Untitled
Untitled
$408,000
A. $413,000
B. $400,000
C. $408,000
D. $403,000
D. $95,000
Diego Corporation values its inventory at the lower of cost or net realizable value as required by IFRS.
Diego has the following information regarding its inventory.
What is the amount for inventory that Diego should report on the balance sheet under the lower of cost
or net realizable value method?
A. $100,000
B. $97,000
C. $98,000
D. $95,000