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What is the value of inventory at dec

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Problem 1: At its 31 Dec X9 financial year end, a company holds an item of inventory with a cost price to date of £4,000. Further costs of £800 are anticipated in the next financial year in order to finalise the item so that it's ready for sale. The estimated selling price is £4,600 and expected selling costs are £100. According to IAS 2, what is the value of inventory at 31 Dec X9?

A. £4,000
B. £3,700
C. £4,500
D. £4,800

Reference no: EM132823429

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