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PleasePl Please explain the steps. 25 Fenton plc is a manufacturer of PCs. The...

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Accounting

PleasePlimage

Please explain the steps.

25 Fenton plc is a manufacturer of PCs. The company makes two different models, the M1 and M2, and has 100 of each in inventory at the year end. Costs and related data for a unit of each model are as follows: M1 M2 E E Costs to date 230 350 Selling price 400 500 Modification costs to enable sale 110 Delivery outwards 65 75 What figure for inventory should be shown in the statement of financial position at the year end? A 57,500 B 58,000 65,000 D 65,500 LO 3c

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