What was the total value of Silur’s inventory at 31 May 2009?

Silur Co buys and restores items of exclusive vintagejewelry. At 31 May 2009, the company had three items in inventory.

Details of the itemswere:

NecklaceBraceletPendant

Purchase cost12,00031,00045,000

Expected selling price25,00038,00053,000

Restoration costs to date6,0005,0002,000

Further costs before sale2,0003,0001,000

What was the total value of Silur’s inventory at 31 May 2009?
A . $88,000
B . $100,000
C . $106,000
D . $107,000

View Answer

Answer: B