15. The replacement cost of an inventory item is below the net realizable value (ceiling) AND below the net realizable value less the normal profit margin (floor). As a result, under the lower-of-cost-ormarket method, the inventory items market value should be

A. replacement cost. B. original cost. C. net realizable value. D. net realizable value less the normal profit margin 22. Marigold Corp. is constructing a building. Construction began January 1, 2017 and the building was completed 12/31/17. Marigold made payments to the construction company of $2,994,000 on 7/1, $6,216,000 on 9/1, and $5,910,000 on 12/31. Weighted-average accumulated expenditures were

A. $3,569,000 B. $9,210,000 C. $15,120,000 D. $3,044,000