When Determining the Net Realisable Value of Inventories, Estimates Must $\quad$

question 22

Multiple Choice

When determining the net realisable value of inventories, estimates must be made of which of the following: I. $\quad$ Estimated selling costs
II. $\quad$ Expected selling price
III. $\quad$ Expected replacernent cost
IV. $\quad$ Estimated costs of completion (if ary)

• A) I, II, III and IV
• B) I, II and III only
• C) II and IV only
• D) I, II and IV only

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