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What value should assumed as net realizable for each product

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Reference no: EM133094989

Question - Cia REF has two types of products in its inventories that have the following costs and sales prices:

 

Product X

Product Y

Selling Price

200

300

Materials and conversion costs

150

180

General administrative expenses

30

80

Estimated Selling Expenses

60

70

By the end of the year, the manufacturing of the items was completed.

According to IAS 2 - Inventories, what value should be assumed as net realizable for each product?

Reference no: EM133094989

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