Question: Joey's Distributorship uses FIFO inventory. Under the changes made by ASU 2 0 1 5 - 1 1 , how should Joey's measure its inventory

Joey's Distributorship uses FIFO inventory. Under the changes made by ASU 2015-11, how should Joey's measure its inventory at year end: a. Cost b. Lower of cost or market c. Lower of cost and net realizable value d. Fair value

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