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At what amount should the above items be valued

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Question - Green co. ltd has the following items of inventory. Material costing $12,000.00 bought for processing and assembly for a profitable special order. Since buying these items, the cost price has fallen to $10,000.00.

Required - In accordance with IAS 2 inventories, at what amount should the above items be valued?

Reference no: EM132604467

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