Simper is doing a stocktake in order to ascertain the value of her closing inventory. It has
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Simper is doing a stocktake in order to ascertain the value of her closing inventory. It has been discovered that there are four items that are damaged. These items had cost £18 each. Given that the damaged items can be sold for only £12 each and the estimated repaid costs of the inventory would be £20 in total, how much would these four items be valued at on Simper’s balance sheet?
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Cost of items 72 4 18 Net realizable ...View the full answer
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