The lower-of-cost-or-market rule can be applied to: O the entire stock of inventory in aggregate. a. O b. each individual inventory item. . O d. all of the answers are correct major classes or categories of inventory.

The lower-of-cost-or-market rule can be applied to: a. the entire stock of inventory in aggregate. b. each individual inventory item. c. major classes or categories of inventory. d. all of the answers are correct