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Lower of Cost or Net Realizable Value Example: Cane Co. uses FIFO and the perpetual method to account for inventory. At year end, the unadjusted

Lower of Cost or Net Realizable Value

Example: Cane Co. uses FIFO and the perpetual method to account for inventory. At year end, the unadjusted inventory balance is $100,000. The company determines that all inventory on hand can be sold for $80,000, less $5,000 in normal distribution costs.

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Lower of Cost or Net Realizable Value Example: Cane Co. uses FIFO and the perpetual method to account for inventory. At year end, the unadjusted

Lower of Cost or Net Realizable Value Example: Cane Co. uses FIFO and the perpetual method to account for inventory. At year end, the unadjusted inventory balance is $100,000. The company determines that all inventory on hand can be sold for $80,000, less $5,000 in normal distribution costs.

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Lower of Cost or Net Realizable Value

Example: Cane Co. uses FIFO and the perpetual method to account for inventory. At year end, the unadjusted inventory balance is $100,000. The company determines that all inventory on hand can be sold for $80,000, less $5,000 in normal distribution costs.