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Inventory may be valued at other than cost if the a.estimate of uncollectibles is based on the amount of sales for the period. b.inventory cannot
Inventory may be valued at other than cost if the a.estimate of uncollectibles is based on the amount of sales for the period. b.inventory cannot be sold at normal prices due to imperfections, style changes, spoilage, damage, obsolescence, or other causes. c.market value is higher than the cost of acquisition. d.company can sell its inventory faster in the domestic market, which results in improved liquidity and profitability.
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