Item$22$

$10$points

Time Remaining $38$ minutes $37$ seconds

$00$:$38$:$37$

Item $22$

Time Remaining $38$ minutes $37$ seconds

$00$:$38$:$37$

For companies using a cost method other than LIFO or the retail inventory method, inventory is reported at:

Multiple Choice

Cost.

Lower of cost or net realizable value.

Replacement cost.

Net realizable value.