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Posted: **Sun Jul 03, 2022 3:49 pm**

: B Mfrs 102 Inventories States That Inventories Should Be Measured At The Lower Of Cost And Net Realisable Value Expl 1 (13.97 KiB) Viewed 12 times

b. MFRS 102, Inventories states that 'Inventories should be measured at the lower of cost and net realisable value. Explain three (3) situations in which net realizable value is likely to be less than cost. (12 marks)