Accountıng I Deneme Sınavı Sorusu #1313843
"A company had inventories on hand and the cost is TL 10,000. Estimated selling price for those inventories was TL 15,000 and estimated cost of sales was TL 1,500." With which value inventories should be reported?
|
11.500 |
|
16.500 |
|
14.500 |
|
10.000 |
|
15.000 |
Yanıt Açıklaması:
In order to find out the reporting value for inventories on hand, we have to compare cost with market value. In this question, we know the cost was TL 10,000, but we have to calculate market value or net realizable value. When we deduct estimated cost of sales from estimated sales value, we find it as TL 13,500. Since the cost is lower, we keep on reporting inventories with TL 10,000.
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