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Cambridge IGCSE Accounting practice

Paper 2 structured question: Valuation of inventory

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Valuation of inventory

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Paper 2Structured Written Paper1 marks

A company has inventory valued at $10,000 and its net realizable value is $8,000.

Description

Inventory Valuation

Determine the value of the inventory using the lower of cost or net realizable value method.

  1. a

    Calculate the value of the inventory.

    Aim for approximately 1 distinct marking point.

    [1]

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Paper 2 structured question: Valuation of inventory

Paper 2Structured Written Paper3 marks

Description

Inventory Valuation Impact

Discuss the implications of using the lower of cost or net realizable value method for this inventory.

  1. a

    Discuss the implications of using the lower of cost or net realizable value method for this inventory.

    Aim for approximately 3 distinct marking points.

    [3]