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How much would be shown on statement of financial position

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Question 1: Marchand Inc. is a fine wine dealer. At the end of the year, Marchand Inc. washolding the following three wines in its inventory. Chateau Petrus No. of Units 330 Cost per unit $ 2000 Selling price per unit $ 2500 Chateau Beaucastel No. of Units 900 Cost per unit $ 120 Selling price per unit $135 Chateau PeePee du Chat No. of Units 1300 Cost per unit $ 70 Selling price per unit$ 45 How much would be shown on the statement of financial position as inventory atthe end of the year?

Reference no: EM132612745

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