Net realizable value is multiple choice market value. sales price plus selling costs. sales price minus selling costs market value minus selling costs
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24. Which of the following is the same as 'net realisable value' of inventory? a. proceeds of sale less all further marketing, selling and distribution costs b. average cost c. gross selling price d. replacement price
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Net realizable value can be defined as the
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The lower of cost and net realizable value basis of valuing inventories ensures that inventories are a) valued at their selling price. b) valued at their current cost. c) not over-valued. d) not under-valued.
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