Question: When using Lower - of - Cost - or - Market, if the merchandise inventory market value is less than the cost, the adjusting entry

When using Lower - of - Cost - or - Market, if the merchandise inventory market value is less than the cost, the adjusting entry
A. will average the market value and cost for merchandise inventory amount
B. will decrease the merchandise inventory amount
C. will increase the merchandise inventory amount
D. will not be needed
When using Lower - of - Cost - or - Market, if

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