Question

Andrews Corp. ended the year carrying $46,369,000 worth of inventory. Had they sold their entire inventory at their current prices, how much more revenue would it have brought to Andrews Corp.?
a. $264,018,840
b. $191,318,000
c. $67,711,000
d. $104,076,000

Answer 1

Answer: $46,369,000

Explanation:

At the end of the year, all the costs associated with inventory and operations have been dealt with in the income statement.

This means that if the entire inventory were sold at current prices which is $46,369,000, the addition to revenue will be what the goods were sold for which is the current price.

Options do not have this answer but that is it.