Question: please help! How should inventory that is accounted for under the average-cost method be measured in the financial statements? A Lower of cost or market
How should inventory that is accounted for under the average-cost method be measured in the financial statements? A Lower of cost or market (LCM). OB Lower of cost or fair value minus cost to sell. C. Fair value. OD Lower of cost or net realizable value (NRV)
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