Question
Grace Ltd sells three products: G1, G2 and G3. At the financial year-end, the inventory held is as follows: Cost Net Realizable Value G1 $1,600
Grace Ltd sells three products: G1, G2 and G3. At the financial year-end, the inventory held is as follows: Cost Net Realizable Value G1 $1,600 $1,110 G2 $6,400 $5,660 G3 $1,510 $2,080 What is the total value of the closing inventory in Grace Ltds accounts?
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Auditing And Assurance Services An Integrated Approach
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley
11th Edition
0131867121, 978-0131867123
