Option 1, 2, 3 or 4

On April 1, a company purchased two units of inventory, A and B. The cost of unit A was $660, and the cost of unit B was $590. On April 30, the company had not sold the inventory. The net realizable value of unit A was now $675 while the net realizable value of unit B was $515. The adjustment associated with the lower of cost and net realizable value on April 30 will be: 60 60 60 1. Cost of Goods Sold Inventory 2. Inventory Cost of Goods Sold 3. Cost of Goods Sold Inventory 4. Inventory Cost of Goods Sold Multiple Choice Option 3 Loo Option 4