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The Whimbrel Company, a publicly accountable entity, has two products in its inventory which have costs and selling prices per unit as follows: At the
The Whimbrel Company, a publicly accountable entity, has two products in its inventory which have costs and selling prices per unit as follows: At the year end, the manufacture of items of inventory has been completed but no selling costs have yet been incurred. Should these products be carried in Whimbrel's statement of financial position at cost or net realizable value (NRV) rule
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