Which of the following statements is true with respect the measuring the cost of inventory?

Group of answer choices

Inventory is reported at its original cost at all times.

The value of inventory is increased if the market value of the inventory is greater than its cost.

When the net realizable value of goods remaining in ending inventory falls below cost, these goods must be assigned a cost equal to the estimated net realizable value.

When the net realizable value of goods remaining in ending inventory is greater than cost, the value of the inventory is set as the average of the two. cost, these goods must

be assigned a cost equal to the estimated net realizable value.

When the net realizable value of goods remaining in ending inventory is greater than cost, the value of

the inventory is set as the average of the two.