Explain the Meaning of Net Realizable Value and When Raw

question 62

Essay

Explain the meaning of net realizable value and when raw materials, work in progress and finished goods inventories need to be written down.

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Definitions:

Header File

A file containing declarations of functions, macros, and data types which can be included in C or C++ programs using the #include directive.

Atoi()

A function in C programming that converts a string argument to an integer type.

Header File

A file containing C or C++ declarations and macro definitions to be shared between several source files.

Full Path Name

The complete address of a file or directory on a computer system, detailing its location from the root directory.