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A company has 2 lines of goods in its inventory at 31 March 2013. Details are as follows: Cost (A)500 Net realizable value (A)460 Cost
A company has 2 lines of goods in its inventory at 31 March 2013. Details are as follows:
Cost (A)500
Net realizable value (A)460
Cost (B)800
Net realizable value (B) 960
What figure should appear as closing inventory in the financial statements drawn up to 31March 2013?
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Managerial Accounting Tools for business decision making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th edition
470506954, 471345881, 978-0470506950, 9780471345886, 978-0470477144
