Cheerful Company has determined its December 31, 2019, inventory at cost is P4,000,000. Information pertaining that...
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Cheerful Company has determined its December 31, 2019, inventory at cost is P4,000,000. Information pertaining that inventory follows: Estimated selling price Estimated cost of disposal Normal profit margin 4,080,000 200,000 600,000 Current replacement cost How much is the loss on inventory writedown on December 31, 2019? 3,600,0000 Cheerful Company has determined its December 31, 2019, inventory at cost is P4,000,000. Information pertaining that inventory follows: Estimated selling price Estimated cost of disposal Normal profit margin 4,080,000 200,000 600,000 Current replacement cost How much is the loss on inventory writedown on December 31, 2019? 3,600,0000
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