(Answered) Question - inventory from trial balance 3062017 was 1950000

Accounting

Question - Inventory from trial balance 30/6/2017 was $1,950,000, comprised of:

Raw material - at cost $70,000

Work in progress - at cost 800,000

Finished goods - at cost 1,054,000

Finished goods - at net realisable value 26,000

Finished goods are valued at the lower of cost and net realisable value on a weighted average basis.

What will be the final figure in Balance sheet at year end 30/6/2017 for inventory? And How?

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