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SELECT THE CORRECT TERM value The lower-of-cost-or-net realizable value basis of accounting for inventories should be applied when the retail cost of the goods is

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value The lower-of-cost-or-net realizable value basis of accounting for inventories should be applied when the retail cost of the goods is lower than its cost. average cost net realizable Save for Later Last saved 32 minutes ago. Attempts: 0 of 1 used Submit

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