Question
A business supplies the following information regarding its inventory Item Quantity on hand Unit Cost Net Realisable Value X 35 $ 28 $ 32 Y
A business supplies the following information regarding its inventory
Item Quantity on hand Unit Cost Net Realisable Value
X 35 $ 28 $ 32
Y 60 $ 45 $ 35
Calculate the amount that would be recorded as the final total value for closing inventory (i.e. the total value of products X and Y combined) applying the valuation rules required by AASB102.
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Financial Accounting A Business Process Approach
Authors: Jane L Reimers
2nd Edition
131473867, 978-0131473867
