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In applying the lower of cost or market method to inventory valuation, market is defined as: Historical cost. Current replacement cost. Current sales price. FIFO.
In applying the lower of cost or market method to inventory valuation, market is defined as:
Historical cost.Current replacement cost.Current sales price.FIFO.LIFO.
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
11th Edition
111856667X, 978-1118566671
