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A company's inventory was held at lower of its cost or net realisable value. Does this mean the method of evaluating the inventory was a)
A company's inventory was held at lower of its cost or net realisable value. Does this mean the method of evaluating the inventory was
a) weighted average cost
or
b) FIFO
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
11th Edition
111856667X, 978-1118566671
