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This topic has 1 reply, 2 voices, and was last updated 10 years ago by John Moffat.

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November 24, 2014 at 10:21 am #212613
6shahir
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November 24, 2014 at 4:03 pm #212703
John Moffat
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I cannot imagine how you got 300.
The NRV is 1200 – 250 = 950.
We must value at the lower of cost and NRV. Cost it lower at 500 and so it should be valued at 500.
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