Aleksander Dudyk, the manager of Wascana, is confused about why there is a difference between...
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Aleksander Dudyk, the manager of Wascana, is confused about why there is a difference between historical cost and net realizable value. Aleksander is not an accountant and is unfamiliar with these terms. He is also wondering which number should be used to value the company's inventory on June 30, 2020. For the purposes of this case, assume that the above items represent the total inventory of Wascana Photography Services on June 30, 2020. (b) Calculate the ending inventory value using the lower of cost and net realizable value. Ending inventory value $ Aleksander Dudyk, the manager of Wascana, is confused about why there is a difference between historical cost and net realizable value. Aleksander is not an accountant and is unfamiliar with these terms. He is also wondering which number should be used to value the company's inventory on June 30, 2020. For the purposes of this case, assume that the above items represent the total inventory of Wascana Photography Services on June 30, 2020. (b) Calculate the ending inventory value using the lower of cost and net realizable value. Ending inventory value $
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