Obihiro Ltd. has the following information related to its inventory of embroidered baseball caps: purchase price, 45,000,000;

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Obihiro Ltd. has the following information related to its inventory of embroidered baseball caps: purchase price, ¥45,000,000; import duties, ¥375,000; interest costs on inventory loan, ¥520,000; and transportation costs, ¥125,000. Determine the cost of the Obihiro inventory.
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Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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