Question: I have question about the lower-of-cost-or-market (LCM) method . Can anyone share with me, when do we need to use this method, and what are

I have question about the lower-of-cost-or-market (LCM) method . Can anyone share with me, when do we need to use this method, and what are its benefits? Does every inventory apply to this method? Thank you so much!

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