8.5 Give the basic rule for valuing stock. Apply this rule to the facts provided below and...
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8.5 Give the basic rule for valuing stock. Apply this rule to the facts provided below and calculate the total value of stock to be included in the accounts.
Product Cost Net realizable value
£ £
A 2,400 2,760 B 1,290 740 C 3,680 750 D 2,950 4,760 E 6,280 9,730
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I hold M.Sc and M.Phil degrees in mathematics from CCS University, India and also have a MS degree in information management from Asian institute of technology, Bangkok, Thailand. I have worked at a international school in Bangkok as a IT teacher. Presently, I am working from home as a online Math/Statistics tutor. I have more than 10 years of online tutoring experience. My students have always excelled in their studies.
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Related Book For 
Introduction To Accounting
ISBN: 9780761970378
3rd Edition
Authors: Pru Marriott, J R Edwards, Howard J Mellett
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