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When Determining the Net Realisable Value of Inventory, Estimates Must

Question 24

Multiple Choice

When determining the net realisable value of inventory, estimates must be made of the following:
I Estimated costs of completion (if any)
II Expected replacement cost
III Expected selling price
IV Estimated selling costs


A) I, II, III and IV;
B) I, II and III only;
C) II and IV only;
D) I, III and IV only.

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