Take a business with five types of stock in hand at the year end. The cost and
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Take a business with five types of stock in hand at the year end. The cost and net realizable value of each is given below, together with the total cost and total net realizable value figures.
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PARUDE Type Cost (E) B 4 800 6.300 Net realizable value () 7 200 9.500 C 5.300 3 200 4 300 5 200 5 200 25.900 6 700 31 800 Required What value would you place on the stock in hand? If the value of the stock in hand is based on either the total of the cost or the total of the net realizable values then the stock will be valued at 25 900. This disguises the fact that one line of stock is not going to he sold at a profit. Looking at each line individually. the value used should be 4800 + 6300+ 3200 +4300+ 5200 23 800. It is this lower figure which is required. Cost can also be difficult to establish where prices are changing.
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