Answer :
Answer:
$45,000
Explanation:
The Daily Grind sells coffee makers. Its inventory of coffee makers without timers cost $20,000 and has a net realizable value of $10,000. Its inventory of coffee makers with timers cost $35,000 and has a net realizable value of $35,000.
The amount that should be reported for Daily Grind's inventory is the net realizable values which is $10,000 + $35,000 = $45,000
According to International Financial Reporting Standards, inventory should be valued at lower of cost and net realizable value.
Since the cost value of ''inventory of coffee makers without timers'' is higher than its net realizable value, it cannot be used.