Question: Financial reporting 1 QUESTION 1: Mathathaarona Ltd's inventory includes 3 items for which the following details are available: The company receives a 2.5% trade discount

Financial reporting 1

QUESTION 1: Mathathaarona Ltd's inventory includes 3 items for which the following details are available: The company receives a 2.5% trade discount from its suppliers and it also takes advantage of a 4% discount for prompt payment. Rqd: Calculate the total value of the products which should be shown in inventory in the statement of financial position [16 marks]

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