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Inventory is generally valued as lower of

Looking for the answer to the question below related to Financial Management?

Inventory is generally valued as lower of

 Options:

A. Market Price and Replacement Cost
B. Cost and Net Realizable Value
C. Cost and Sales Value
D. Sales Value and Profit

 

The Correct Answer Is:

  • B. Cost and Net Realizable Value

 

Conclusion

I hope you got the answer to your question.

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