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can you help me rephrase this - American Eagle Outfitters (AEO) values its merchandise inventory at the lower of average cost or net realizable value,

can you help me rephrase this - American Eagle Outfitters (AEO) values its merchandise inventory at the lower of average cost or net realizable value, using the retail method. Average cost includes merchandise design, sourcing costs, and related expenses. Inventory is recorded when control of the merchandise transfers to the company

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