Question: Using the information from BE10- 18, now assume that Sarat Boot is an IFRS reporter. Determine the ending inventory value per unit using the lower-

Using the information from BE10- 18, now assume that Sarat Boot is an IFRS reporter. Determine the ending inventory value per unit using the lower- of- cost- or- market rule, assuming that Sarat Boot uses the group- by- group approach to LCM.

Normal Profit Current Group Replacement Cost Selling Price Disposal CostsMargin Rain Snow FIFO Cost $60 93 $70 $ 95 S24 S12 84 110 24 15

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