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Posted: **Mon May 02, 2022 7:01 am**

: Inventory Cost And Nrv Estimation Commodity Hyper Sells For P2 400 Selling Expenses Are P440 Normal Profit Is P600 1 (11.82 KiB) Viewed 24 times

Inventory Cost and NRV: Estimation. Commodity Hyper sells for P2,400; selling expenses are P440; normal profit is P600. The cost of Commodity Hyper is P1,500 and the replacement cost is $1,200. Compute for the lower of cost and net realizable value of Commodity Hyper.