If the choice exists,inventory should be valued at:

Name: If the choice exists,inventory should be valued at:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is in accordance with the principle of conservatism and ensures that inventory is not overstated on the balance sheet. It also ensures that any potential losses due to a decline in the value of inventory are recognized in a timely manner. The net realisable value is the estimated selling price less any costs of completion, disposal, and transportation.

If the Choice Exists,inventory Should Be Valued At