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What is the expected result of using the individual-item approach when applying the lower-of-cost-or-market rule? O The inventory value will be higher. O The valuation

What is the expected result of using the individual-item approach when applying the lower-of-cost-or-market rule? O The inventory value will be higher. O The valuation is less conservative. Offsetting of values of individual items will occur. O The valuation is more conservative

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