Question: 8.5 Give the basic rule for valuing stock. Apply this rule to the facts provided below and calculate the total value of stock to be

8.5 Give the basic rule for valuing stock. Apply this rule to the facts provided below and calculate the total value of stock to be included in the accounts.

Product Cost Net realizable value

£ £

A 2,400 2,760 B 1,290 740 C 3,680 750 D 2,950 4,760 E 6,280 9,730

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