问答题
Lucy has the following inventory at cost.
(1)Cups $580
(2)Glasses $670
(3)Crockery $425
The following information has been discovered.
(1)The cups have a selling price of $600.
(2)The glasses had been damaged and now have net realisable value of $640.
(3)The crockery can be sold for $500 if it could be repaired at a total cost of $55 since there was a little damage.
What should be the value included for total inventory in Lucy's statement of financial position?
$______
【正确答案】
【答案解析】[考点] Recording transactions and events-Inventory-Subsequent measurement-The lower of cost and NRV [难易度] 难 本题考查的是IAS 2 Inventories，存货应当以历史成本和可变现净值孰低记录。 Net realisable value=Selling price-Cost to completion-Cost to sell (1)Cost=$580, NRV=$600 (2)Cost=$670, NRV=$640 (3)Cost=$425, NRV=500-55=$445 Total inventory=580+640+425=$1,645