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    li_ting Posts: 1, Reputation: 1
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    Mar 17, 2011, 11:17 AM
    should i deduct carriage outward from the NRV?
    hi people this is urgent hope you guys can help me
    tucon ltd imports model aircraft, paints them, packages them in attractive boxes and then sell them to retail shop, details are as follows:

    Painting: $2.10
    Box : $ 0.78
    Carriage outward: $0.40
    Selling price : $11.80
    other selling cost: $0.50

    there were 380 model aircraft, painted and boxed and ready for dispatch in inventory at 30 June 2009

    calculate the Net Realisable Value

    NRV= Selling price- other selling cost-Box-painting

    should I deduct carriage outward from the NRV?

    thank you I hope to hear from you soon

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