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When should inventory be adjusted for lower inventory prices?That is, when should the LCM (lower of cost or market) pricing adjustment be used?Whenever prices changes?Wouldn't

When should inventory be adjusted for lower inventory prices?That is, when should the LCM (lower of cost or market) pricing adjustment be used?Whenever prices changes?Wouldn't this be a tedious process in maintaining inventory prices in the Perpetual Inventory system?

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