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How much would be shown on the financial position

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Question - Coin inc is a rare currency dealer. At the end of the year, Coin inc was holding the following three items in its inventory.

1912 English 100 pound notes. No of units 10 cost per unit $3300 net realizable value per unit $4200.

1888 American 100 dollar bills. No of units 90 cost per unit $80 net realizable value per unit $145.

1956 Japanese 500 yen notes. No of units 100 cost per unit 200 net realizable value per unit $50.

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

Reference no: EM133080438

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