🧮 Formula sheet
- 1.Inventory Value = min(Cost, NRV)
- 2.NRV = Estimated SP − Cost of Completion − Selling Cost
- 3.Weighted Avg Cost = Total Cost / Total Quantity
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Accounting
Ch 2 · AS-2 Inventory Valuation
5 concept points · 3 formulas · 4 exam-critical points.