Problem: At the year-end, the cost of inventories of CSX, a manufacturing company, was C$340,000 and the net realisable value was estimated to be C$330,000 based on economic circumstances. Before the financial statements are authorised for issue, there is evidence to suggest the net realisable value is now estimated to be C$355,000 based on changed economic circumstances. According to IAS 2: Inventories, what is the correct value that should be shown at the year-end for inventory? Solution A.C$315,000 B.C$330,000 C.C$340,000 D.C$355,000