Inventory should be measured at
A. Lower of cost and fair value
B. Lower of cost and net ralizable value
C. Lower of cost and net selling price
D. All of these are used in measuring inventory
Answer: B. Lower of cost and net realizable value
Inventory should be measured at
A. Lower of cost and fair value
B. Lower of cost and net ralizable value
C. Lower of cost and net selling price
D. All of these are used in measuring inventory
Answer: B. Lower of cost and net realizable value
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.