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What should be the value of this inventory

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Reference no: EM132633271

Question - The information provided below is for an item in Harris Corporation's inventory at year-end.

Historical cost 125,000

Estimated selling price 150,000

Estimated completion cost 10,000

Sale's agent commission 20% of selling price

Transportation cost to customer 5,000

Replacement cost 130,000

Required - What should be the value of this inventory item in the company's ?nancial statements?

a. P130,0D0

b. P125,000

c. P110,000

d. P105,000

Reference no: EM132633271

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