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Inventory valuation

This topic has 3 replies, 2 voices, and was last updated 2 years ago by mrjonbain.

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September 9, 2023 at 1:23 am #691777
saulatr
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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
mrjonbain
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I think 1000 given above situation. Lower of cost and net realisable value.
September 9, 2023 at 2:48 pm #691822
saulatr
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Thank you!!
September 9, 2023 at 6:40 pm #691836
mrjonbain
Moderator
- Topics: 6
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You are welcome.
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