TopHot
Why are inventory assets valued at the cost to the company?
Why are inventory assets valued at the cost to the company? I was wondering why, on a balance sheets, inventory is calculated at the cost it took for the company to obtain it rather than what's they're worth on the market. For instance, I pay $300 for inventory, but I can sell the product at $600 - why would my inventory value still only be $300 for the parts it took to make the product?
submitted by...
Category:
