Asked by Hermelinda Mendoza on Jul 19, 2024
Verified
Determine the total value of the merchandise using net realizable value. 
Net Realizable Value
The projected sales price of products subtracted by the cost associated with their sale or disposal.
Merchandise
Goods that are bought and sold by businesses; also refers to the commodities or products available for sale in retail or wholesale.
Total Value
The entire worth of an asset, portfolio, or company, factoring in all components of value.
- Examine inventory following the lower of cost or market guideline.
Verified Answer
Learning Objectives
- Examine inventory following the lower of cost or market guideline.
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