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how do I go about doing the equation for individual item method and the aggregate? The following information pertains to Hagen Metol Work's ending inventory
how do I go about doing the equation for individual item method and the aggregate?
The following information pertains to Hagen Metol Work's ending inventory for the current year: Item Required Quantity Unit Cost unit market Value e. Determine the value of the ending inventory using the lower-of-cost-or-market rule applied to (1) each individual inventory item and (2) the inventory in aggregate. ding Invent Individual item method Aggregate method b. Calculate the adjustment required under both methods, assuming the decline in value is immaterial. Individual item method Aggregate method
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