Question: When should inventories be written down from cost to net realizable value? 1. at the end of the period in which the value decline occurs

When should inventories be written down from cost to net realizable value?

1. at the end of the period in which the value decline occurs

2. when determining the value of beginning inventory

3. when the goods are sold and removed from inventory

4. during the period in which the value decline occurs

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