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What is the inventory balance on the June balance sheet

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Question - Assume that Darcy Industries had the following inventory values:

Inventory cost on December 31, 2020 = $500

Replacement Cost on December 31, 2020 = $450

Net realizable value on December 31, 2020 = $440

Replacement Cost on June 30, 2021 = $520

Net realizable value on June 30, 2021 = $525

Under IFRS, what is the inventory balance on the June 30, 2021 balance sheet?

Reference no: EM132718112

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