Question: Please explain Inventory is reported in the financial statements at the higher-of-cost-or-net-realizable-value. market. cost. the lower-of-cost-or-net-realizable-value

Please explain

Please explain Inventory is reported in the financial statements at the higher-of-cost-or-net-realizable-value.

Inventory is reported in the financial statements at the higher-of-cost-or-net-realizable-value. market. cost. the lower-of-cost-or-net-realizable-value

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