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Accounting department at Swatch, the Swiss Watch Company, prepared the following schedule comparing the total cost and Net Realisable Value (NRV) of its December 31,
Accounting department at Swatch, the Swiss Watch Company, prepared the following schedule comparing the total cost and Net Realisable Value (NRV) of its December 31, 2019 ending inventory Particulars Total Cost Total NRV Product A $ 28,000 $ 29,000 Product B 46,000 36,000 Product C 30,000 31,000 Total $ 104,000 $ 96,000 Inventory vlaue shown in balance sheet for all products together is a 106000 b 96000 c 94000 d None
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