Question: only if 100% sure UA Ltd. purchased raw material @ 400 per kg. Company does not sell raw material but uses in production of finished

only if 100% sure only if 100% sure UA Ltd. purchased raw material

UA Ltd. purchased raw material @ 400 per kg. Company does not sell raw material but uses in production of finished goods. The finished goods in which raw material is used are expected to be sold at below cost. At the end of the accounting year, company is having 10,000 kg of raw material in inventory. As the company never sells the raw material, it does not know the selling price of raw material and hence cannot calculate the realizable value of the raw material for valuation of inventories at the end of the year. However, replacement cost of raw material is 300 per kg. How will you value the inventory of raw material

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