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Inventory Cost and NRV: Estimation. Commodity Hyper sells for P2,400; selling expenses are P440; normal profit is P600. The cost of Commodity Hyper is P1,500

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Inventory Cost and NRV: Estimation. Commodity Hyper sells for P2,400; selling expenses are P440; normal profit is P600. The cost of Commodity Hyper is P1,500 and the replacement cost is $1,200. Compute for the lower of cost and net realizable value of Commodity Hyper

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