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Inventory valuation

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Inventory valuation

  • This topic has 3 replies, 2 voices, and was last updated 2 weeks ago by mrjonbain.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • September 9, 2023 at 1:23 am #691777
    saulatr
    Participant
    • Topics: 11
    • Replies: 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
    mrjonbain
    Moderator
    • Topics: 3
    • Replies: 1849
    • ☆☆☆☆☆

    I think 1000 given above situation. Lower of cost and net realisable value.

    September 9, 2023 at 2:48 pm #691822
    saulatr
    Participant
    • Topics: 11
    • Replies: 42
    • ☆☆

    Thank you!!

    September 9, 2023 at 6:40 pm #691836
    mrjonbain
    Moderator
    • Topics: 3
    • Replies: 1849
    • ☆☆☆☆☆

    You are welcome.

  • Author
    Posts
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