The raw materials inventory of Mug Co. on December 31, 20x1 have a cost of P20,000...
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The raw materials inventory of Mug Co. on December 31, 20x1 have a cost of P20,000 and an estimated net realizable value of P18,000. Information on the finished goods is as follows: Cost......... NRV..... ..P250,000 ..P280,000 How much is the total inventory on December 31, 20x1? The raw materials inventory of Mug Co. on December 31, 20x1 have a cost of P20,000 and an estimated net realizable value of P18,000. Information on the finished goods is as follows: Cost......... NRV..... ..P250,000 ..P280,000 How much is the total inventory on December 31, 20x1?
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