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  • Learning Activity 2 8 - INVENTORY AND STOCK VALUATION

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    Jhoanne Marie Tedera
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    Net realizable value is the estimated selling price less estimated costs to complete and sell. Historical cost is the actual purchase price paid at the time goods or services were procured. Replacement cost represents the cost to replace existing goods or inventory.

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    Net realizable value is the estimated selling price less estimated costs to complete and sell. Historical cost is the actual purchase price paid at the time goods or services were procured. Replacement cost represents the cost to replace existing goods or inventory.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    11 views1 page

    Learning Activity 2 8 - INVENTORY AND STOCK VALUATION

    Uploaded by

    Jhoanne Marie Tedera
    Net realizable value is the estimated selling price less estimated costs to complete and sell. Historical cost is the actual purchase price paid at the time goods or services were procured. Replacement cost represents the cost to replace existing goods or inventory.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Sombrero, Mary Jomalene Cost Accounting and Control

    Learning Activity 2-8-


    Self-Assessment/Review Questions: 
    1. Net Realizable Value (NRV) is the estimated selling price in the ordinary course, less estimated cost
    of completion and to make a sale.
    2. Historical Cost is the actual purchase price of goods and services at the time of procurement.
    3. Replacement Cost represents the cost to replace an existing goods or inventory.

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