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CalculationAdvancedVariant — group VG.IAS2.000102Published

Question · Lower of cost and net realisable value

The wholesaler Rouelibre holds two models of city bicycles, each measured separately according to the facts of the case. Alto model: 40 units, unit cost 310, estimated unit selling price 335, estimated unit selling costs 40. Brio model: 25 units, unit cost 420, estimated unit selling price 510, estimated unit selling costs 45. Compute the total amount of the bicycles in inventories and the write-down to be recognised.

Alto: number of units
40
Alto: unit cost
310
Alto: estimated unit selling price
335
Alto: estimated unit selling costs
40
Brio: number of units
25
Brio: unit cost
420
Brio: estimated unit selling price
510
Brio: estimated unit selling costs
45
Your answer

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