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Documents Conducted by: Mr. Koy Chumnith Inventories: Additional Issues 9 McGraw-Hill/Irwin 2011, Royal...

Slide 1Conducted by: Mr. Koy Chumnith Inventories: Additional Issues 9 McGraw-Hill/Irwin 2011, Royal University of Law and Economics Slide 2 9 - 2 Reporting -- Lower of Cost…

Documents Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights reserved. Inventories: Additional...

Slide 1Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights reserved. Inventories: Additional Issues 9 Slide 2 9-2 Learning Objective Understand and apply the…

Documents CHAPTER 9 INVENTORIES: ADDITIONAL VALUATION ISSUES Sommers – ACCT 3311.

Slide 1CHAPTER 9 INVENTORIES: ADDITIONAL VALUATION ISSUES Sommers – ACCT 3311 Slide 2 LCM Approach Lower-of-cost-or-market approach to valuing inventory GAAP generally…