hello i have a question if
ANDY runs a small shoe-making factory which is very profitable. At the end of his accounting year ended 31 October 20X1, he has in his inventory 14 batches of leather, which he plans to use for future shoe production. Each batch cost £1,500, but could be sold on in its present condition, if required, for £1,600. What is the value he should record for his inventory at 31 October 20X1?
THANK YOU VERY MUCH
ANDY runs a small shoe-making factory which is very profitable. At the end of his accounting year ended 31 October 20X1, he has in his inventory 14 batches of leather, which he plans to use for future shoe production. Each batch cost £1,500, but could be sold on in its present condition, if required, for £1,600. What is the value he should record for his inventory at 31 October 20X1?
THANK YOU VERY MUCH
