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Research assignment Fair Value North America Europe South America 1,000 Liter 30 x 2,000= 60,00 30 x 2,300= 69,000 30 x 1,900= 57,000 5,000 Liter 25 x 4,000= 100,000 25 x 4,300= 107,500 25 x 4,500= 112,500 10,000 Liter 5 x 10,000= 50,000 5 x 9,800= 49,000 5 x 11,500= 57,500 Consequently, the amendments change the wording used to describe many of the requirements in U.S. GAAP for measuring fair value and for disclosing information about fair value measurements. Generally Inventory expenses may be determined in a variety of ways. The cost of products can be calculated using standard or actual cost, and the cost of inventory calculated using an average, first-in, first out (FIFO), or last-in, first-out (LIFO) cost approach. Citation Fair Value Measurement (Topic 820) . (2011). https://asc.fasb.org/layoutComponents/getPdf? isSitesBucket=false&fileName=GUID-8C4D2BA9-EB99-440C-8EA8- 1D37BEC65E98.pdf
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