The lowerminus$$ofminus$$costminus$$orminus$$market value$($LCM$)$ rule$\_\_\_\_\_\_\_.$ A$.$

requires that merchandise inventory be reported in the financial statements at the lower of the historical cost or the selling price of the inventory

B$.$

is an accounting issue separate from applying an inventory costing method

C$.$

replaces the use of specific$$ identification, FIFO,$$ LIFO, or weightedminus$$average inventory costing methods.

D$.$

violates the conservatism principle