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Inventory is recorded at what value on the balance Sheet?
Inventory is recorded at what value on the balance Sheet?
Solution
Inventory is recorded at cost or market value , whichever is lower in the balance sheet.
For calculating cost of the inventory tehre are different valuation methods which can be
followed, subch as FIFO,LIFO etc.

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Inventory is recorded at what value on the balance Sheet Inven.pdf

  • 1. Inventory is recorded at what value on the balance Sheet? Inventory is recorded at what value on the balance Sheet? Solution Inventory is recorded at cost or market value , whichever is lower in the balance sheet. For calculating cost of the inventory tehre are different valuation methods which can be followed, subch as FIFO,LIFO etc.