Inventory AS 2

If the finished goods into which the raw materials are incorporated in sold at price lower than cost , then it states that we may need to write down inventory at replacement cost . Supposed cost of inventory is 300 rs per unit whereas replacement cost is 320 rs per unit .. will we take 300 or 320 rs for valuation of raw materials ?

SANSKRITI BADRI 2111339

CA Final

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29-Apr-23 11:14

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