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Brief Exercise 8-18 Monty Corporation has the following four items in its ending inventory: Item Cost Selling Price Disposal Costs Estimated Estimated Neutrinos $1,910
Brief Exercise 8-18 Monty Corporation has the following four items in its ending inventory: Item Cost Selling Price Disposal Costs Estimated Estimated Neutrinos $1,910 Ocillinos $2,190 $115 5,060 4,960 107 Electrons 4,230 Protons 3,460 4,565 4,470 204 101 Assume that Monty is a public company using IFRS. Determine the total value of ending inventory, using the lower of cost and net realizable value model applied on an individual item basis. Item Neutrinos $ Ocillinos $ Electrons $ Protons Total LINK TO TEXT LC and NRV LINK TO TEXT Would there be any difference in accounting if Monty were a private entity using ASPE? 4 1:28 AM ENG
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