franklin company has the following four items in its ending inventory as of december 533865
Franklin Company has the following four items in its ending inventory as of December 31, 2012. The company uses the lower-of-cost-or-net realizable value approach for inventory valuation following IFRS.
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franklin company has the following four items in its ending inventory as of december 533865
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|
Cost |
Net Realizable Value |
|
AB |
$1,700 |
$1,400 |
|
TRX |
2,200 |
2,300 |
|
NWA |
7,800 |
7,100 |
|
SGH |
3,000 |
3,700 |
Compute the lower-of-cost-or-net realizable value.
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