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In the solution why did they use $22 as cost instead of $23 to multiply to the answer of $95,100 instead of $95,900
Caminas has the following products in inventory at the year end.
Product Quantity Cost Selling price Selling cost
A 1,000 $40 $55 $8
B 2,500 $15 $25 $4
C 800 $23 $27 $5At what amount should total inventory be stated in the statement of financial position?
A $95,900
B $103,100
C $95,100
D $105,100
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