How does the IRS require it? Is it different for tax rules? Naim 22:47 Inventory Valuation of LCNRV & LCM Method How does the IRS require it? Is it different for tax rules? Answer: 1 - each individual item in inventory 2 - by each major category of inventory 3 - inventory total IRS makes companies do it line item by line item. Doesn't change for tax rules. Learn More : Share this Share on FacebookTweet on TwitterPlus on Google+
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