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The inventory counters of Crocodile Co inform you that there are 6,000 items of product A, and 2,000 of product B,these cost $10 and $5 respectively. They also tell you the following information: Product A - 500 of these were found to be defective and would be sold at a cut price of $8. Product B - 100 of these were also to be sold for $4.50 with selling expenses of $1.50 each. What figure should appear in Crocodile's statement of financial position for inventory? A $68,800 B $69,000 C $69,200 D $70,000 |