Inventory valuationForums › ACCA Forums › ACCA FR Financial Reporting Forums › Inventory valuationThis topic has 3 replies, 2 voices, and was last updated 1 year ago by mrjonbain.Viewing 4 posts - 1 through 4 (of 4 total)AuthorPosts September 9, 2023 at 1:23 am #691777 saulatrParticipantTopics: 11Replies: 42☆☆If item cost 1000,its selling price is 1500 and alternative product available with modern technology cost 750. What should be the valuation of the item? September 9, 2023 at 8:32 am #691787 mrjonbainModeratorTopics: 6Replies: 2295☆☆☆☆☆I think 1000 given above situation. Lower of cost and net realisable value. September 9, 2023 at 2:48 pm #691822 saulatrParticipantTopics: 11Replies: 42☆☆Thank you!! September 9, 2023 at 6:40 pm #691836 mrjonbainModeratorTopics: 6Replies: 2295☆☆☆☆☆You are welcome.AuthorPostsViewing 4 posts - 1 through 4 (of 4 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In