Hello all
If finished good are valued at nrv then raw materials should be valued at replacement cost.
What if RM cost 140 and Replacement cost is 170?
Should we still take 170 for valuation of closing stock of RM?
D20BFS036-Harshavardini K.B (4 Points)
09 September 2024Hello all
If finished good are valued at nrv then raw materials should be valued at replacement cost.
What if RM cost 140 and Replacement cost is 170?
Should we still take 170 for valuation of closing stock of RM?
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