Station Co holds three types of inventory. The following details are relevant: Inventory type Cost A B с 0000 $250 $125 $320 $625 $700 Selling price $275 $145 $290 What amount should Station Co include in its statement of financial position for inventory in accordance with IAS 2 Inventory? Please select the right answer $695 $620 Selling costs $40 $15 $30
Station Co holds three types of inventory. The following details are relevant: Inventory type Cost A B с 0000 $250 $125 $320 $625 $700 Selling price $275 $145 $290 What amount should Station Co include in its statement of financial position for inventory in accordance with IAS 2 Inventory? Please select the right answer $695 $620 Selling costs $40 $15 $30
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Station Co holds three types of inventory.
The following details are relevant:
Inventory type
Cost
Selling price
A
$250
$275
$40
B
$125
$145
$15
C
$320
$290
$30
What amount should Station Co include in its statement of financial position for inventory in accordance with IAS 2 Inventory?
Please select the right answer
$695
$620
00003
Selling
costs
$625
$700
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