Determine which of the following statements are correct regarding damaged or obsolete goods.

Multiple select question.

Damaged goods are included in inventory at their net realizable value.

A loss in value is reported in the period when goods are damaged or become obsolete.

Net realizable value of damaged goods is the sales price of the goods.

If damaged goods can be sold at a reduced price, they are included in inventory.

Damaged goods are not included in inventory if they cannot be sold.