Solution-What should be reported as inventory at year end

What should be reported as inventory at year end

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Reference no: EM132795999

Aloha Company determined the following information for an inventory at year-end:

Historical cost - P2,000,000;

Current replacement cost - P1,400,000;

NRV is P1,800,000;

Net realizable value less a normal profit margin is P1,700,000 and

Fair value is P1,900,000.

Question 1: What should be reported as inventory at year end?

Reference no: EM132795999

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What should be reported as inventory at year end

Reference no: EM132795999

Reference no: EM132795999

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Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

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