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FAR CPA Practice Questions: Lower of Cost and NRV and Lower of Cost or Market

In this video, we walk through 5 FAR CPA exam practice questions about calculating the lower of cost and net realizable value and the lower of cost or market. Important Links Link to the free study training webinar mentioned in the video: https://www.superfastcpa.com/strategi... See the full post for this video: https://www.superfastcpa.com/far-cpa-... See the other FAR walkthrough videos here: https://www.superfastcpa.com/free-far... 00:00 Intro 01:12 Question 1: Learning the Lower of Cost and NRV Method 04:03 Question 2: Calculating the Lower of Cost and NRV 06:33 Question 3: Learning About the Lower of Cost or Market 11:01 Question 4: Calculating the Lower of Cost or Market 14:59 Question 5: Calculating Lower of Cost or Market for Two Products 19:12 Pillar Topics

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