# IAS 2 is not making any sense on this question ..

topcat
Trusted RegularPosts:

**452**Registered
I am doing the lower of cost and NRV

so the figures i am adding up are =:

£562

£782

£762

Total £2106

but the answer is £1543?

so the figures i am adding up are =:

£562

£782

£762

Total £2106

but the answer is £1543?

## Comments

136RegisteredI really hate the way they word these... the only way the figures work is if you take the Completion cost away from the selling price and then choose the lowest, ie: 382, 572 and 589. I'm not convinced that question is right, if anyone else can suggest why it is I would love to hear it?! I guess NRV is selling less costs?

Good luck!

Lucy

452RegisteredHi Lucy,

Blooming good spot just had a look in my book now you have said

"Net realizable value the estimated selling price less the estimated costs of completion and the estimated costs necessary to make the sale"

so that would make those figures

thanks for clearing up that mystery much appreciated :001_smile:

136Registered645Registered136Registered452RegisteredThanks ceejay that will help me remember this easier now