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The Friends and Partner Trading buys and sells cell phones. The following information is available about the value of their inventory Original cost $ Estimated
The Friends and Partner Trading buys and sells cell phones. The following information is available about the value of their inventory Original cost $ Estimated sales price $Distribution cost $ Kokia 27 22 Damsung 58 56 R Luawei 12 20 Quiz m Calculate the value of inventory for Friends and Partner Trading for the inclusion in the accounts (based on prudence concept). Fill the table below: Cost $ NRV S Value for the accounts Office Kokia 27 Damsung 58
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