The Tee production purchased 50 000 units of inventories for $200 000. During the year...
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Accounting
The Tee production purchased 50 000 units of inventories for $200 000. During the year the Company sold 33 500 units at $9 per unit. By the year end the Company had 12 000 units of inventory and 500 units damaged. The Chief accountants professional judgement is that the damaged units can be sold for $2 each and the rest of the balance for $5 per unit. Calculate the Realizable value of the closing balance inventory.
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