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8 Click Submit to complete this assessment. Question 8 Question 8 (15 Marks) Based on...

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Accounting

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8 Click Submit to complete this assessment. Question 8 Question 8 (15 Marks) Based on the given information compute the total inventory value under IAS 2 that would be presented in the balance sheet (Show all calculations) Product line Quantity on hand (units) COST per unit Selling price per Cost to In AED Junit in AED complete Cost to sell Pink Paint 70 1900 11,020 20 30 Paint Brush 20 500 510 10 14 Wall Papers 135 100 140 25 20 Required A. Compute the Net Realizable Value for each inventory type. B. What is the inventory value that should be reported for each inventory type based on IAS 2? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). U Paragraph Arial 14px V II. K V 1 E x & T Te ABD +] IT 192 My 2 Ep + EX 0

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