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  • 09-01-2024
  • Business
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Errol, a sole trader, finds that he has 1000 units of inventory at 30 November 2018. He had purchased 2500 units of this product at a price of $10. During the year he had sold 1500 units at $25 each. Out of the remaining, he discovered that 100 units had a net realisable value of only $15. What was the value of his inventory at 30 November 2018

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