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From FASB accounting standards codification at the FASB website Determine the specific citation for each of the following. Measurement of ending inventory using the lower
From FASB accounting standards codification at the FASB website Determine the specific citation for each of the following.
- Measurement of ending inventory using the lower of cost or net realizable value (LCNRV) rule
- Measurement of ending inventory using the lower of cost or market (LCM) rule
- The level of aggregation that should be used to applying the LCNRV or LCM rule
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
3rd edition
78025427, 978-0077736460, 007773646X, 978-0078025426
