Calculate the value of the inventory, Accounting Basics

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Calculate the value of the inventory

Bob has 2,000,000 of shoes in stock that cost $12 per pair. You are also able to determine the following amounts:

NRV= $11.25
Replacement cost= $11.10
NRV minus normal profit margin= $10.85

Calculate the value of the inventory under both IFRS and US GAAP.

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Accounting Basics: Calculate the value of the inventory

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Accounting Basics: Calculate the value of the inventory

Reference No:- TGS096650

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Recent Questions Asked Accounting Basics

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Accounting Basics: Calculate the value of the inventory

Reference No:- TGS096650

Recent Questions Asked Accounting Basics

Q : Discuss the main components of a decision support system

Q : Most laboratory media contain a fermentable carbohydrate

Q : Given a floating-point format with a k-bit exponent

Q : Determine expected return estimation a concern

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Q : Consider a variant of cbc-mode encryption

Q : Metaphase plate during the first meiotic division

Q : Find investor choice according to maximum payoff criterion

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