The closing inventory at cost of a company at 31 January 2003 amounted to $284,700.

The following items were included at cost in the total:

(1)   400 coats, which had cost $80 each and normally sold for $150 each. Owing to a defect in manufacture, they
        were all sold after the balance sheet date at 50% of their normal price. Selling expenses amounted to 5% of the
        proceeds.
(2)    800 skirts, which had cost $20 each. These too were found to be defective. Remedial work in February 2003
         cost $5 per skirt, and selling expenses for the batch totalled $800. They were sold for $28 each.

What should the inventory value be according to IAS 2 Inventories after considering the above items?

A    $281,200
B    $282,800
C    $329,200
D    None of these.

A 284,700 – (32,000 – 28,500) = 281,200

好，不错！