You are preparing the financial statements for a business. The cost of the items in closing inventory is $41,875. This includes some items which cost $1,960 and which were damaged in transit. You have estimated that it will cost $360 to repair the items, and they can then be sold for $1,200. What is the correct inventory valuation for inclusion in the financial statements?
A、$39,915
B、$40,755
C、$41,515
D、$42,995
A、$39,915
B、$40,755
C、$41,515
D、$42,995
【参考答案及解析】
Original inventory valuation $ 41,875Cost of damaged items (1,960)NRV of damaged items (1,200 - 360) 840 40,755
Original inventory valuation $ 41,875Cost of damaged items (1,960)NRV of damaged items (1,200 - 360) 840 40,755