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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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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