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this is more of an english question for me… i think:
a single class of inventory was valued at 460k at 31 mar x9. in april 70% of this inventory was sold for 280k, on which the sales staff earned 15% commission.
i took it to mean that only 70% of inventory needed a write down to nrv. but the examiner’s comment says that the entire 460k shd be written down.
how is one supposed to judge this?
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