At December 31, 2021, Bosan Corporation has 4,900 units of Model 63 and 3,500 units of Model 64 in its ending inventory. Specific data with respect to each product follows: Model 63 Model 64 Historical cost RM7,800 RM8,700 Net realizable value 7,700 8,800 What amount will be reported for inventory on Boson's statement of financial position after the company applies Lower of Cost or Net Realisable Value (LCNRV)? O A. RM68,180,000. O B. RM69,020,000. OC. RM75,950,000. O D. RM68,530,000.

At December 31, 2021, Bosan Corporation has 4,900 units of Model 63 and 3,500 units of Model 64 in its ending inventory. Specific data with respect to each product follows: Model 63 Model 64 Historical cost RM7,800 RM8,700 Net realizable value 7,700 8,800 What amount will be reported for inventory on Boson's statement of financial position after the company applies Lower of Cost or Net Realisable Value (LCNRV)? O A. RM68,180,000. O B. RM69,020,000. OC. RM75,950,000. O D. RM68,530,000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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