If inventory item X has a cost of $49,000 and a net realisable value of $60,000 while inventory item Y has a cost of $2,000 and a net realisable value of $500, closing inventory will be valued at:
A)$60,000.
B)$62,000.
C)$51,000.
D)$49,500.

Question

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The Answer of If inventory item X has a cost of $49,000 and a net realisable value of $60,000 while inventory item Y has a cost of $2,000 and a net realisable value of $500, closing inventory will be valued at:
A)$60,000.
B)$62,000.
C)$51,000.
D)$49,500.

If Inventory Item X Has a Cost of $49,000 and a Net