If you wish to record the inventory at replacement cost, you should have that figure first. If replacement cost is same or more than the purchase cost of inventory, no question of replacing it.
Secondly, What is the final cost of finished product?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(162203 Points)
Replied 25 August 2022
If you wish to record the inventory at replacement cost, you should have that figure first. If replacement cost is same or more than the purchase cost of inventory, no question of replacing it.
Secondly, What is the final cost of finished product?
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