Suppose that the Consumer Price Index [CPI] at 1 January 2020 was 100 and CPI on 31 December 2020 is 103. The historical
Posted: Sat Feb 19, 2022 2:31 pm
Suppose that the Consumer Price Index [CPI] at 1 January 2020
was 100 and CPI on 31 December 2020 is 103. The historical cost of
ending inventory is 20000. The ending inventory at the fair market
value is ----
a.
23000
b.
20000
c.
20600
d.
21000
was 100 and CPI on 31 December 2020 is 103. The historical cost of
ending inventory is 20000. The ending inventory at the fair market
value is ----
a.
23000
b.
20000
c.
20600
d.
21000