공인회계사 (KICPA)

Practice session

Under K-IFRS 1002 (Inventory), Hanguk Co. holds merchandise at year-end with an original acquisition cost of KRW 1,000,000. The estimated selling price in the ordinary course of business is KRW 1,150,000, and the estimated costs of completion and sale are KRW 270,000. Under the lower of cost and net realizable value rule (저가법), what is the inventory valuation loss (재고자산평가손실) to be recognized in profit or loss?

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