Assume that Darcy Industries had the following inventory values.
|
Inventory cost (on December 31, 2012) |
$1,500 |
|
Inventory market (on December 31, 2012) |
$1,350 |
|
Inventory net realizable value (on December 31, 2012) |
$1,320 |
Under IFRS, what is the inventory carrying value on December 31, 2012?
(a) $1,500.
(b) $1,570.
(c) $1,560.
(d) $1,320.
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