first$-$in$,$ first$-$out method

last$-$in$,$ first$-$out method

retail method

weighted average cost method

Multiple Choice $2$ points

If the cost of an item of inventory is $$60$ and the current replacement cost is $$75,$ the amount included in inventory according to the lower of cost or market is

$$75$

$$135$

$$60$

$$15$