Answer:
$15.00
Explanation:
Data provided in the question:
per-unit costs for one of its products = $18.00
Net realizable value = $15.00
Net realizable value less normal profit margin = $14.40
Current replacement cost = $14.70
Now,
Here, we have to find the per-unit carrying value of inventory in the statement of financial positions in accordance with IFRS
According to the IFRS, inventory should be recorded in financial statements at a value which is lower of the cost and Net Realizable Value
Therefore,
according to the question:
per-unit carrying value of inventory = lower of [ $18.00, $15.00]
or
per-unit carrying value of inventory = $15.00
