Question: 2. The year end stocks for the two main groups of stock held by Salman Stores are found to be: Cost Net realizable value $

2. The year end stocks for the two main groups of stock held by Salman Stores are found to be:

Cost Net realizable value

$ $

Crockery 5,000 4,600

Electronics 4,000 4,200

Cutlery 3,500 3.800

Total 12,500 12,600

Calculate the value of closing stock (inventory) to be reported in the Statement of Financial Position.

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