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How much would be shown on statement of financial position

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Question - Marchand Inc. is a fine wine dealer. At the end of the year, Marchand Inc. was holding the following three wines in its inventory.

Chateau Petrus No of Units 130 Cost per unit $ 1300 Net realizable value per unit $2800

Chateau Beaucastel No. of Units 800 Cost per unit $ 90 Net realizable value per unit $ 120

Chateau PeePee du Chat No. of Units 1400 Cost per unit $ 90 Net realizable value per unit $25

How much would be shown on the statement of financial position as inventory at the end of the year?

Reference no: EM133145697

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