Question

Andrews Corp. ended the year carrying $89,674,000 worth of inventory. Had they sold their entire inventory at their current prices, how much more revenue would it have brought to Andrews Corp.? Select: 1Save Answer $137,558,000 $25,156,000 $174,698,660 $89,674,000

Answer 1

Answer:

$89,674,000

Explanation:

As it is mentioned that the inventory cost is already incurred in the last year so in this case the cost price would be zero and the same price should be equivalent to the closing value of the inventory i.e. carrying value of $89,674,000 and hence the same is to be considered

Therefore the last option is correct