IIA Exam IIA-CIA-Part3 Topic 10 Question 102 Discussion

Actual exam question for IIA's IIA-CIA-Part3 exam

Question #: 102
Topic #: 10

An organization has 10,000 units of a defect item in stock, per unit, market price is $10$; production cost is $4; and defect selling price is $5. What is the carrying amount (inventory value) of defects at your end?

A$0

B$4,000

C$5,000

D$10,000

Show Suggested Answer

Suggested Answer: C

by Venita at May 05, 2025, 05:41 AM

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Lai

2 days ago

Wait, hold up. If the defect selling price is $5, and we have 10,000 units, shouldn't the carrying amount be $50,000? I'm going with option C.

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Micheal

27 days ago

Hmm, let's see, $4 production cost per unit and 10,000 units? Sounds like a clear-cut case to me. Option B all the way!

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Lorean

15 days ago

Option B) $4,000

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