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What is the per-unit carrying value of inventory

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Question - A wholesaler which prepares its financial statements according to International Financial Reporting Standards (IFRS) has the following per-unit costs for one of its products:

Cost $18.00

Net realizable value $15.00

Net realizable value less normal profit margin $14.40

Current replacement cost $14.70

In accordance with IFRS, what is the per-unit carrying value of inventory in the statement of financial positions?

Reference no: EM133150041

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