Some of Upper L and Upper K ?Electronics' merchandise is gathering dust. It is now December 31?, 2024?, and the current replacement cost of the ending merchandise inventory is $ 18 comma 000 below the? business's cost of the? goods, which was $ 102 comma 000. Before any adjustments at the end of the? period, the? company's Cost of Goods Sold account has a balance of $ 410 comma 000. Which accounting principle or concept is most relevant to this? situation? ? is the reason to account for merchandise inventory at ? average cost FIFO cost LIFO cost the lower of cost or market . ? Conservatism Consistency Disclosure Materiality directs accountants to decrease the accounting value of an asset if it appears unrealistically high