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Glorious Trading Ltd. has the following information about its inventory of a particular publication: Number...

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Glorious Trading Ltd. has the following information about its inventory of a particular publication: Number of items in stock 2450 Selling price per item $95 Selling costs per item $37 Materials and print costs per item $22 Packing cost per item $13 Question: At what figure should the inventory be valued in the year-end financial statements? Show all calculations. (4 Marks) Glorious Trading Ltd. has the following information about its inventory of a particular publication: Number of items in stock 2450 Selling price per item $95 Selling costs per item $37 Materials and print costs per item $22 Packing cost per item $13 Question: At what figure should the inventory be valued in the year-end financial statements? Show all calculations. (4 Marks)

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