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Inventory and IAS 16 Valuation of Inventory – Example 4
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em ryting it in a short form….. common sense dear…..
Great lesson as usual, the tutor is only human and as we all know human makes mistakes, though he done his calculation right and even took the lower value “6″ right. The ones that are moaning needs to use some common sense.
he wrote both part b and c wrongly…. dis tutor shud beter take some math classes… :p
@khanmashal63, before sending others to school, you better learn how to spell
IAS Valuation of Inventory Example 4 – C is not correct. ? NRV 4 is the lower valuation???
@drago, 4 is not NRV. Its further cost to incurred. So NRV is 11-4=7 which is more than Cost.
Great lesson as usual but maths of this exercise should be corrected by the tutor, or a note left at least in order to avoid confusion.
Because 11-4 = 7
As you can hear that …
He wrote it wrong.. But said it Rite
@mosaraj, You are right. He should write 7 despite 4
Right. He recorded at 6. hehehe
4 is lower than 6… 06:47
I must be getting really good at maths now I have started the ACCA. lol
@danielglover, He wrote 4 my mistake, it should be 7 instead of 4; which comes from 11-4=7. The rest is correct.