Question
With reference to Cambridge International A Level accounting course if the cost of closing inventory = 50000 realisable value is = 45000 cost of realisation
With reference to Cambridge International A Level accounting course
if the cost of closing inventory = 50000
realisable value is = 45000
cost of realisation is = 5000
and replacement cost is =35000
the value of the closing inventory is 40000 but I would like to know the calculation and explanation behind
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Advanced Financial Accounting
Authors: Thomas H. Beechy, V. Umashanker Trivedi, Kenneth E. MacAulay
7th edition
132928930, 978-0132928939
