Question: For companies that use FIFO, average cost, or any method other than LIFO or retail inventory method, inventory is valued at: A. Replacement cost. B.

For companies that use FIFO, average cost, or any method other than LIFO or retail inventory method, inventory is valued at: A. Replacement cost. B. Net realizable value. C. Cost. D. The lower of cost or net realizable value.

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