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    Question

    A company values inventory at lower of cost and NRV.

    Cost per unit = ₹150, NRV per unit = ₹140. For 5,000 units, calculate value as per Ind AS 2.
    A ₹7,50,000 Correct Answer Incorrect Answer
    B ₹7,00,000 Correct Answer Incorrect Answer
    C ₹6,50,000 Correct Answer Incorrect Answer
    D ₹7,25,000 Correct Answer Incorrect Answer
    E ₹7,10,000 Correct Answer Incorrect Answer

    Solution

    • Lower of cost and NRV = ₹140 × 5,000 = ₹7,00,000.

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