Question 5 of 54 -/1 III View Policies Current Attempt in Progress The primary basis of accounting for inventories is cost. A departure from the cost basis of pricing the inventory is required where there is evidence that when the goods are sold in the ordinary course of business their O cost will be less than their replacement cost. O selling price will be less than their replacement cost. O future utility will be less than their cost. O replacement cost will be more than their net realizable value. e Textbook and Media Save for Later Attempts: unlimited Submit