IAS-2(Inventory)-Lower of Cost or NRV-Mark-up and Margin

Video Link: https://youtu.be/SXm0NCn_cdU

In this video, I have explained:

1) How to compute cost of inventory

2) Calculating Mark-up %

3) Calculating Margin %

4) Calculating cost using selling price when mark-up % is given

5) Calculating cost using selling price when margin % is given

6) Calculating selling price using cost when mark-up % is given

7) Calculating selling price using cost when margin % is given