Kieso, Intermediate Accounting, 16e Helo I System Announcements CALCULATOR PRINTER VERSION BACK NEXT CPA Question 02 The original cost of an inventory item is above the replacement cost. The inventory item's replacement cost is above the net realizable value. Under the lower of cost or market method, the inventory item should be valued at O Replacement cost. O Net realizable value. (e) Net realizable value LESS normal profit margin. Original cost. Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used