In relation to inventory, net realisable value is the estimated:
A) discounted value.
B) replacement value.
C) selling price less stock loss.
D) selling price less anticipated further costs to complete the sale.

Question

Quizplus · Accepted Answer

Net realisable value is the estimated selling price of inventory, less any anticipated further costs of completion and any selling expenses. Therefore, option D is the correct answer as it represents the estimated selling price less anticipated further costs to complete the sale.

In Relation to Inventory, Net Realisable Value Is the Estimated