FRACCA FR Chapter 10 Inventory (IAS 2) Questions 5 CommentsPPatu·2y agoPlease how is the unit price "12" for major jump book? Isn't it (16 - .50)??AAadithyan·1y agoas we valuate the item in inventory the formula for it is (FV-cost to sell) v/s book value (whichever is low) since book value is lesser than the latter, we valuate it using the book value onlyJjean pierre·2y agoI have to learn more IAS 2 to deeply understand to courseVvijay·5y agoHi, Can you please explain how the above is calculated and why not all Qty x unit cost? Thanks.Ttpile·5y agoSIR, In question 03, we anyway can't include any "abnormal costs" isn"t it. Why is that it is not an answer to this question. ThankyouLeave a commentPost comment
Isn't it (16 - .50)??
the formula for it is
(FV-cost to sell) v/s book value (whichever is low)
since book value is lesser than the latter, we valuate it using the book value only
Can you please explain how the above is calculated and why not all Qty x unit cost? Thanks.
In question 03, we anyway can't include any "abnormal costs" isn"t it. Why is that it is not an answer to this question.
Thankyou